Reverse charge for the Construction Industry
Question asked by Kevin Doran 5 years ago
Hi guys
Just checking to see what's in place for this?
Hi Kevin,
This one is scheduled to be done by the 1st October - it is currently in the very early stages of development. The guys are finishing off the work towards open banking and then the focus should switch to this.
It is still being scoped out a bit at the moment, so I don't have much detail, but I think it may require a new VAT treatment.
Best answerCheers John, only just getting to grips with it all myself. Can understand why it's being done but another headache many could do without that's for sure!!
I completely agree :) As soon as there are more development I shall let you know.
John Fouracre - following on from the initial query about reverse charge for the construction industry, do you have any more news about this facility being launched within Clearbooks?
It's been delayed 12 months so I doubt they're in a hurry now ;-)
Hi, Any news on reverse charge for the construction industry? It's starting on 1 March 2021 so not long now... Wondering if I should start to look for another software... although I hope the CB is getting ready for the changes and will be ready in time.
Hi Anna,
We are aware and will be ready for the changes when they go live. No need to worry. We will make an announcement sooner to the time and will release any changes prior to the rollout.
All the best,
Mohamed.
Job well done CB team! :) happy to hear it and thank you very much for such a quick reply
Hi Anna,
Happy to help and thank you for your kind words. Have a lovely day.
All the best,
Mohamed.
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