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A major change to the way that VAT is paid on building and construction invoices has been delayed again, this time until 1 March 2021.
At the end of May, HMRC said that the domestic reverse charge rules for the construction industry would commence on 1 October 2020. However, a week later, the tax authority confirmed that this would be pushed back by five months, due to the impact of the coronavirus pandemic on the sector.
PayMatters are pleased to announce the launch of their Construction Industry Scheme (CIS) for subcontractors or agencies looking for payments to made under this HMRC scheme.
HMRC have a series of webinars coming up for the benefit of contractors and subcontractors that use or want to use the Construction Industry Scheme (CIS).
A webinar is an hour long presentation that also allows those watching to participate in a questions and answers session.
If you're a contractor worried about how today's budget may affect you and your family then the good news is PayMatters will be providing a summary as it happens.
