VAT Domestic Reverse Charge

Name: VAT Domestic Reverse Charge
Price: 291.00 GBP
Availability: InStock

As of 1st March 2021, VAT registered businesses in the building construction industry became subject to a domestic reverse charge. You’ll need to understand these changes so you can factor them into your business operations, administration, and projected cash flows.

For a one-time, fixed fee, we can assess your business and advise you on your options in relation to the domestic reverse charge.

Who this service is for

VAT Domestic Reverse Charge - for the building construction industry.

Key benefits

Connect with an experienced lawyer quickly and simply
Get a qualified opinion on your issue/s
Upfront and transparent pricing

What happens after purchase?

Your lawyer will onboard you (KYC, conflicts checks, and client care letter - if applicable)

You send supporting material to the lawyer ahead of the meeting

Consultation takes place

Lawyer sends an email to summarize high level points from the conversation and quotes for any further work required

Leave a review and testimonial of your experience for future customers

FAQ’s

What the service will cover

Initial 30 minute call to outline your business circumstances, applications, and requirements for consideration.
To briefly advise on the contractual and commercial considerations, with respect to your business activities and the application or disapplication of VAT reverse charges.
Together with our in-house accountant, we will prepare specific documentation as required by HMRC, advise on changes to invoicing under the new rules and ensure a smooth transition from a standard VAT submission process to a reverse charge submission.

What the service excludes

Any items outside the scope of the ‘Included’ description above.
Detailed steps on moving your business to another geographical location.
Any further tax advice.
Review of your business Terms of Business and any other contractual arrangements in place with your business contractors, sub-contractors and suppliers.
Due diligence of your business operations, employee contractual terms and supplier chains in particular if you choose to transfer your business operations.
Assistance with the transfer of your business.

What you need to provide

The first step after the purchase will be to provide verification of your identity and supply the following documentation so your adviser can carry out their ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) checks. Please have the following at hand but note that this may not be a complete list:
- Company name, VAT number (if applicable), registration number
- Key contacts and associated contact details including email and mobile
- The names and home addresses of all directors
- Home utility bill (no more than 3 months old) and passport for every person who owns or controls more than 25% of the voting rights of your business
- Name of signatory Designation