Gold FFM Dan E 1,610 Posted April 1, 2020 Gold FFM Report Share Posted April 1, 2020 I am sure you all know but, If you are VAT registered and you pay by DD, you must cancel the DD otherwise they will take it in April! I never trust them f&*kers so pay mine by BACS. You do NOT have to pay it 1 Quote Link to post Share on other sites
Gold FFM Barrykearley 7,287 Posted April 1, 2020 Gold FFM Report Share Posted April 1, 2020 Question is will they scrap it?? I’ll file mine next week and stuff the dosh in another account just in case Quote Only here once Link to post Share on other sites
Gold FFM Dan E 1,610 Posted April 1, 2020 Author Gold FFM Report Share Posted April 1, 2020 No chance deferred until Jan 21!! Quote Link to post Share on other sites
pete 2,005 Posted April 1, 2020 Report Share Posted April 1, 2020 Thought it was march 21. Still have to file though. Quote hindsight: the science that is never wrong Link to post Share on other sites
Gold FFM Dan E 1,610 Posted April 1, 2020 Author Gold FFM Report Share Posted April 1, 2020 pete sorry yes 31st March 21. Yes still have to file every quarter, should get a rebate for the next 3 Months at least Quote Link to post Share on other sites
pete 2,005 Posted April 1, 2020 Report Share Posted April 1, 2020 some good news then 1 Quote hindsight: the science that is never wrong Link to post Share on other sites
pete 2,005 Posted September 24, 2020 Report Share Posted September 24, 2020 Can anyone explain how the reverse vat charge will work when it comes in in March next year Quote hindsight: the science that is never wrong Link to post Share on other sites
Gold FFM jep 1,043 Posted September 24, 2020 Gold FFM Report Share Posted September 24, 2020 No I can't but this may assist: https://www.sage.com/en-gb/blog/vat-reverse-charge-construction/ It seems to only apply if you are CIS registered. I run a property maintenance business, 2 staff both PAYE, so I don't see that this affects my company. My accountants have made no mention of it. Justin Quote Link to post Share on other sites
Gold FFM Kevin Wheeler 395 Posted September 24, 2020 Gold FFM Report Share Posted September 24, 2020 It does only apply to CIS registered businesses. https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services Basically, if you employ a subcontractor you pay the VAT to HMRC and not the subcontractor. Quote Link to post Share on other sites
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