Are you ready for the VAT reverse charge

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

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VAT reverse charge is on its way for the construction industry. So what does this actually mean for your business? Due to come into force on 1 October 2020 (*Update – now delayed until 1 March 2021), it will have significant cash flow implications for those affected. 

Do you know if you are affected? Are you clear who in your supply chain will be affected too? Are you ready for this significant change? Do you have any manual processes when completing your VAT return? Can you estimate the impact on cash flow?

Please click the below links to read more in-depth details on this subject.
If you are concerned about the above or have any questions please get in touch with Ruth Corkin and she’ll be happy to help.

Ruth Corkin has been involved with VAT for over 30 years. She is currently the Technical Chair of the VAT Practitioners Group and, as part of that role, she sits on numerous committees with HMRC representatives at a high level. Ruth is also a member of the ICAEW Tax Faculty VAT and Duties sub-committee and represents that group at the HMRC Finance Liaison Group meetings, where issues relating to financial services and insurance are aired and discussed. More recently, she was seconded part-time to the Office of Tax Simplification, where she worked on the VAT Review Project.

Do you need extra information?
Ruth Corkin

Ruth has been involved with VAT for over 30 years. She started her VAT career as a Customs and Excise Officer in Essex and then moved into consultancy with a variety of well-known accountancy firms. She is well known in the VAT world and is the proud author of many articles and technical works.

Contact Ruth at ruth.corkin@hhllp.co.uk or on 01908 713 860