Event: Charging VAT in the CIS: Make sure you are compliant – 12 September 2019

If you work in the Construction Industry under ‘CIS’ and are VAT registered under the new ‘domestic reverse charge for VAT’, then this event is for you.

As you may have heard, HMRC are introducing the Reverse Charge for Constructions Services from 1 October 2019. This is the HMRC approach to counteracting fraudulent VAT reclaims.

A survey conducted by The Federation of Master Builders (FMB) of around 8,000 construction small and medium enterprise (SMEs)  members found that 69% were not aware of reverse charge VAT at all.  Of those  who were aware of the reverse charge,  67% have not prepared for the changes.

The FMB said that while larger construction companies will have in-house finance teams to handle implementation, construction SMEs and sole traders, which make up 9% of the one million construction firms operating in the UK, will have to do this whilst also running their business.

Find out from leading CIS expert, Neil Owen, what this means for your business and the way you invoice your customers, and pay your suppliers.

Hear from Neil about:

1. When and when not to charge VAT on your CIS work
2. The new rules starting 1 October 2019 for VAT registered business working under CIS
3. Expected changes which include ‘zero rating’ VAT on invoices and the possible cash flow implications that will result from this

About Neil Owen:

Neil is a freelance speaker, occasional writer and practising VAT consultant. He has over 30 year’s involvement in VAT, and currently runs his own company, VAT Advisory Services Limited, based in Hampshire. He initially worked for Customs & Excise and has been in professional practice since 1990.

Neil is a Fellow of the CIOT and of the British Institute of Agricultural Consultants, and was for ten years, National Secretary of the VAT Practitioners Group and for six the General Editor of the annual book, CCH VAT Planning.

When & Where:

Thursday, 12th September 2019
1pm for 1:30pm until 4pm
A Q&A session with our speaker as well as tea/coffee included
£25 including VAT

The Auctioneer, Rosehill Estate, Carlisle, Cumbria, CA1 2RW

Booking is essential as places are limited. Please book early to avoid disappointment.

Register now