Construction Services VAT Update – VAT Reverse Charge 1st October 2019 & HMRC Supply Chain Fraud Initiative

19 Sep
Thursday 19th September 2019
08:30
Cardiff
CEWales Members £0.00 / Non Members £45.00 plus VAT

With the implementation of the VAT Reverse Charge due from 1 October 2019 the clock is really ticking down for main contractors, sub-contractors and end users to prepare. Sub-Contractors Cash-Flow is going to bear the brunt of the impact of this change and the sector is braced UK wide for a negative outcome for businesses affected.

The session will cover the latest information from the VAT perspective and will be linked with information on the Construction Services Supply Chain Fraud review that we know HMRC are undertaking locally. This review is raising awareness of the need for all in the Construction Services Sector to engage in proactive VAT compliance checks on the VAT position of their suppliers. HMRC are clearly expecting a greater degree of control and verification of the VAT position of suppliers to be undertaken by their customers – ignorance of potential areas of VAT risk in your supply chain will not be an excuse. So what processes do your procurement teams need to set in place?

Liz Maher OBE Director of Centurion VAT – the VAT Specialists who help organisations when VAT gets  a complication - will share the latest news on these two important sector issues

There will be a non-attendance fee of £45 plus VAT unless you have informed us of cancellation 48 hours prior to the event.

It is important that a separate email address is used for each delegate booking to ensure all individuals are listed at the event. If you use the same email address for each delegate previous details will be overwritten.

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