Tony Talks Presents: DRC (Domestic Reverse
Charge) for VAT is coming from November 2019, are you ready? Are
your construction clients ready?
The new DRC rules will affect more than just
building contractors and sub-contractors, if it was limited to
these categories it would be bad enough.
The new reverse charge will remove VAT
obligations from the supplier of any building
services and impose them instead on the customer. Not as
simple a process as it seems, believe me. Therefore, these
new provisions will potentially affect every VAT
registered organisation that supplies or buys in any building
work. The impact will be significant, and we need to get to
grips with the topic as soon as possible.
Flat Rate Scheme (FRS) users could be especially impacted and
affected by the DRC so some clients need to be reviewing this as a
matter of urgency.
Do clients charge VAT or apply the DRC?
The answer seems to lie in customers having to inform suppliers
whether or not they are an end user and therefore whether VAT
should be charged in the normal way instead of being reverse
Join ICPA Chairman Tony Margaritelli and his Guest, the ICPA Vat
Guru, Melanie Lord of AVS Vat to discuss the DRC and get answers to
Melanie Lord is a Chartered Tax Advisor with over 30 years
experience, initially working for HM Customs & Excise then moving
on to head up the North East VAT practice for a Big Four firm
before founding AVS in 1994.
At AVS VAT their focus is always on stopping VAT from being a
problem by providing commercially workable solutions especially for
clients faced with complex situations.
For more information on the ICPA please visit:
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