Construction Sector Breakfast Update

Date: 10 September 2019

Time: 8:30 - 10:00


Location

Chicheley Hall - Room: Wolfson 1
Chicheley Road
Newport Pagnell
MK16 9JJ

2019-9-10 8:30:00 2019-9-10 10:00:00 Europe/London Construction Sector Breakfast Update

At our breakfast update we will be looking at some of the hot topics affecting the construction sector and helping you make sure your business is fully informed. 

The new VAT “domestic reverse charge” (DRC) goes live on October 1st. It is the most significant change to VAT in construction services in 30 years. From that date, sub-contractors in a CIS chain of supply will cease to collect VAT from other contractors. In its place a reverse charge system will apply. This makes the buyer of the sub-contractors service liable for VAT accounting in place of the supplier.

Topics we will cover:

  • VAT rates on construction services. 
  • Examples of when the reverse charge applies 
  • Invoicing and wording 
  • Contracts - importance of declarations 
  • How the reverse charge works 
  • Who is an "end user" 
  • What validation steps are needed 
  • The significance of CIS 
  • An update on IR35      

Agenda

08:30 - 09:00: Registration & Breakfast

09:00 - 10:00: Presentation 

10:00 - Onwards: Q&A and Networking


Registration 

This seminar is complimentary. However, places are limited so please book early to avoid disappointment. To reserve your place(s) please complete the sign up form below or alternatively, email your details to helen.woolf@mhllp.co.uk 

Chicheley Hall, Room: Wolfson 1, Chicheley Road, Newport Pagnell, MK16 9JJ

Event/Seminar details

At our breakfast update we will be looking at some of the hot topics affecting the construction sector and helping you make sure your business is fully informed. 

The new VAT “domestic reverse charge” (DRC) goes live on October 1st. It is the most significant change to VAT in construction services in 30 years. From that date, sub-contractors in a CIS chain of supply will cease to collect VAT from other contractors. In its place a reverse charge system will apply. This makes the buyer of the sub-contractors service liable for VAT accounting in place of the supplier.

Topics we will cover:

  • VAT rates on construction services. 
  • Examples of when the reverse charge applies 
  • Invoicing and wording 
  • Contracts - importance of declarations 
  • How the reverse charge works 
  • Who is an "end user" 
  • What validation steps are needed 
  • The significance of CIS 
  • An update on IR35      

Agenda

08:30 - 09:00: Registration & Breakfast

09:00 - 10:00: Presentation 

10:00 - Onwards: Q&A and Networking


Registration 

This seminar is complimentary. However, places are limited so please book early to avoid disappointment. To reserve your place(s) please complete the sign up form below or alternatively, email your details to helen.woolf@mhllp.co.uk 

Construction Sector Breakfast Update Sept 2019

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