The Construction Industry Scheme (CIS) VAT

 The reverse charge applies from 1 March 2021

CIS VAT domestic reverse charge measure will apply to supplies of construction work.

The measure was due to commence in October 2019 and has been delayed twice due to Brexit and the Coronavirus.

Business Guidance for Covid-19
The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March 2021.

At a glance The CIS VAT domestic reverse charge measure will apply to supplies of construction work from 1 March…

Latest news, case studies & events

Business Guidance for Covid-19
news
Tax changes for health and social care

The government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across…

Business Guidance for Covid-19
news
£2 billion of SDLT and £11.5bn in corporation tax overpaid to HMRC every year

After an uncertain year in the business , finance and property market, businesses & home movers have overpaid fees and…

Business Guidance for Covid-19
news
Super Deduction

For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on…

Business Guidance for Covid-19
news
Budget for 2021

Furlough will continue until September, with no change of terms. After July, businesses will be asked for a 10% (70%…

Business Guidance for Covid-19
news
 Late payment surcharge extension

HMRC announced that the 5% late payment surcharge will not apply this year from 3 March and instead only arises…

Business Guidance for Covid-19
news
The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March 2021.

At a glance The CIS VAT domestic reverse charge measure will apply to supplies of construction work from 1 March…

What our clients say...

Mike is a very knowledgeable and professional accountant. He has been my accountant for a long time.

We would highly recommend Mike and his team for their exceptional services

Highly recommended, he listens to his clients! I am extremely grateful for Usman’s sound advice and support over the last six months. I see him regularly at our networking group and one day I expressed my frustration of my then accountant. Usman offered to help with no obligation or payment, so I gave him access and I quickly realised he was going to be a great asset so I switched accountants in June this year. Usman liaised with HMRC to do a review of my accounts dating back to 2017. He kept me informed at all stages and ultimately it allowed me to free up cash to reinvest in the business. I am extremely grateful and can safely say Usman always has the client’s interest at heart and makes them feel at ease even when deadlines are due. If you are frustrated with your current accountant or you’re not getting strategic financial and business advice, I would recommend Usman in a heartbeat knowing your business growth is his primary objective. Thank you Usman, I am forever grateful and will continue to highly recommend you and your team!

Yes this chap has helped me with my accounts and has done a fantastic job Well recommended Very pleased with the outcome

Sayeed is a highly professional accountant, his effective strategy & planning saved me from paying a hefty amount of tax which I would have paid should I had not taken his advice.

I would highly recommend F&C Accountants

I highly recommend Mr Usman Nazir as an accountant. His in-depth knowledge and experience helped me immensely and with my tax return. He quickly took the stress out of the process for me and worked through my finances promptly making me savings that I would have not been able to achieve by myself. I am very thankful now to be on his books as I know now I have his experience and input for the next time making the process so much easier.

I have been a client of Usman’s for many years. He is very professional and reliable always responds quickly to my queries. I can highly recommend his accountancy services.

Usman is highly professional, efficient & highly knowledgeable accountant. His effective tax consultancy and accountancy services had made us save and plan tax. We highly recommend him.