CIS Reverse Charge VAT - Application For Payment - When a payment is paid on an application, will the contractor have to put the reverse charge on the payment?
Description
Cause
Resolution

The provision of building and construction services are continuous supplies of services. The tax points are therefore either the issue of a VAT invoice or the receipt of payment, whichever is earlier.

A payment would therefore trigger the need to recognise VAT and as such at this point. yes,  the contractor should recognise the associated VAT.


[BCB:90:CIS - Sales:ECB]
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