VAT: Domestic Reverse Charge for Building and Construction Services

[Spike]

Just found this from a quick search on the forum.

Construction Industry Scheme (CIS) Domestic Reverse Charge

From 1st March 2021, VAT registered businesses operating in the building and construction industry will need to change the way they collect and report VAT. The new changes will require businesses that are receiving a service from a CIS registered contractor to pay the VAT to HMRC, rather than paying the VAT to the supplier. These changes will apply only to UK VAT registered businesses or individuals supplying services under the Construction Industry Scheme (CIS). How is QuickFile preparing f…