Vat changes looming for anyone who hasn’t had the letter yet
It’s gotta be something they are implementing to try and close a loophole that a certain group are exploiting? To most companies it’s no hassle , but it just adds a extra complication as you can no longer just fire a invoice at someone without first checking the payment structure?ie who’s paying them, I assume you can’t just presume that they are the end customer? Correct me if I’m wrong on that?
Go gross CISDid some subbing for my mate other year he put my UTR in wrong. Got stopped tax then had to pay that tax aswell after submitted return. So double bubble then waited months for refund.
Next time I worked for him I just invoiced him as if I was supplying a product not a service and no CIS.
this becomes red tape nightmare
As I understand it if you work for a builder which I do 99% of the time,I don’t charge him vat on my invoices
There is alot of industries doing it but as usual construction is an easy sector to hitwould certainly look that way