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CIS Reverse Charge - Common questions

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Summary

The way in which VAT is charged on construction services will change from March 2021 as a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC). This article provides answers to common questions you're currently asking us about CIS Reverse Charge.

Description


Retentions

Retention Payments - How is retention treated when a contract has finished prior to 1st March 2021, but the defects period ends after March 2021 and therefore payment is received after?

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