With the Domestic Reverse Charge for building and construction services coming into force in October 2019, we have been working on a module to cater for this.
It is expected that the Domestic Reverse Charge will only affect a small number of our customers, however if it will affect you then please get in touch with us.
For more information about the module, and to request the update for your system, please email the Projects team at projects@meritsoftware.co.uk
What is the Domestic Reverse Charge?
“The domestic reverse charge (referred to as the reverse charge) is a major change to the way VAT is collected in the building and construction industry.
“It comes into effect on 1 October 2019 and means the customer receiving the service will have to pay the VAT due to HMRC instead of paying the supplier.
“It will only apply to individuals or businesses registered for VAT in the UK (although it will not apply to consumers).
“This will affect you if you supply or receive specified services that are reported under the Construction Industry Scheme (CIS).”
Learn more about the Domestic Reverse Charge here.
If you are not a Merit Software customer but have concerns about how the Domestic Reverse Charge will affect you, why not get in touch for a chat with our sales team?
Our payroll software includes all legislative updates as standard, so you can spend less time worrying about compliance, and more time focused on your paying and billing.
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