DOMESTIC VAT REVERSE CHARGE FOR BUILDING AND CONSTRUCTION

Tuesday, 16 February 2021 13:10 Last Updated on Tuesday, 16 February 2021 13:10 Written by admin

The new domestic reverse charge is finally being introduced from 1 March 2021.

This applies to the majority of contractors and subcontractors that are registered for VAT and report under the CIS scheme.

Details are here but if you require any further help, please do not hesitate to contact us:

https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services#whentouse

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Faye Chandler, Oliver Chandler Limited

I would gladly recommend Keeley to anybody who is looking for a conscientious, detailed and hard working accounting professional. Both individually, during her career before Magenta, and now as part of the wider Magenta Accounts team Keeley has looked after my financial well-being over the last fifteen years, and has done it exquisitely well. In fact, so happy am I to recommend Keeley, that four of my closest friends now have their company finances managed by Keeley's safe hands at Magenta.

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Nick Warren. Managing Director, Semantic Limited

Keeley has handled all my tax affairs for many years and I cannot speak highly enough about the professional level of service she has provided. Her efficiency and knowledge mean that my tax affairs are handled swiftly and competently making the whole experience pleasurable and cost effective.

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Just a note to say how impressed I have been with Magenta Accounts and the service that you have provided me within my first 6 months of setting up my business. With being a new business, making sure I generate income immediately is vital, so by knowing that you are taking away of all my financial duties from me such as making small payments to providing monthly management accounts allows me to focus more of my time on other aspects such as growing the business and generating revenue. Each member of staff provides a personal and prompt service and it is comforting to know that whoever I speak to at Magenta Accounts, each member of staff is fully aware of my accounts and the current situation. I would fully recommend your company to any business who is looking for a service that not only helps take away the stress of looking after money, but also helps you grow as a business.

Michael Dyble, Managing Director, Dybles Limited

Keeley and her team are fantastic at providing the right advice, expert skills and taking the headache of accounting away from me, allowing me to spend more time on my business, not in it. Highly recommended local, friendly company.

Mike Hayward, Managing Director, Burton Technologies Limited

DOMESTIC VAT REVERSE CHARGE FOR BUILDING AND CONSTRUCTION

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