Construction Industry Service – VAT Domestic Reverse Charge (DRC)

What is the CIS VAT Domestic reverse charge (DRC)? HMRC announced the implementation of the Construction Industry Service VAT (DRC) domestic reverse charge from 1 October 2020. The Construction Industry Service VAT (DRC) domestic reverse charge is a new accounting procedure. This will affect builders if both the supplier (sub contractor) and customer (contractor) are VAT registered, Builders who are not VAT registered can ignore the changes. If you are VAT registered and supply services to a non VAT registered…

0 Comments

Is your business cashflow keeping you awake at night?

How is your cashflow? Are you experiencing difficulties with cash flow?  Is it keeping you awake at night? 6 out of 10 business owners are losing sleep over problems with cashflow, according to the BACS payment scheme.  Research shows that 84% of small companies report late payments, while around 33% say at least one in four payments arrive late. You may be familiar with the phrase “sales are vanity, profit is sanity” but it may be time for you to…

0 Comments

End of content

No more pages to load