If you're not in the construction industry, you can look away now! The construction industry VAT Domestic Reverse Charge (DRC) measure applies to supplies of construction work from 1 March 2021. The measure was due to commence in October 2019 but has been delayed twice due to Brexit and the Coronavirus. Under the CIS DRC, the customer accounts for the supplier's output VAT. This measure only applies to construction supplies made by a business to another business. There are quite a few key conditions associated with the application of this measure so if this is your business, get in touch with us so that we can check you're meeting the requirements. In short, the aim of the measure is to reduce VAT fraud in the construction sector but it may require a significant change of approach in many CIS businesses. It may well affect your cash flow but we have a solution for that, so speak to us. . . . #constructionindustry #constructionindustryvatreversecharge #vatrules #cisdrc #taxhelpuk #...