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Registration and refreshments: 4pm

Seminars commence: 4.30pm

Members are invited to join a regional workshop run in collaboration with the Contract Flooring Association (CFA) focussing on the pressing issue of Reverse VAT and Innovating in Construction.

Liz Bridge, Secretary of the JTC

On 1 October 2019 VAT as paid by construction businesses will change completely. All payments invoiced to another firm in construction which is VAT registered and where the payment is made within the CIS scheme will be VAT Reverse Charged. This means that you firm as supplier/subcontractor will not charge VAT and the customer will not pay VAT. If you work as a subcontractor for other construction forms you may find that  your cash flow is reduced by 15%, you may need to register with HMRC as ‘a repayment’ trader to recover the VAT you have incurred on materials because you are paid very little VAT on ordinary jobs.

  • you will need to redesign all invoices
  • you will need to model your cash flow to ensure there is no crisis
  • you will need to educate all your VAT registered subcontractors that you will not be paying VAT
  • you may need to register as a repayment trader

Come and learn from Liz what it is all about….

Angeleen Hill, CSCS Scheme Manager

Angeleen will be providing an update on CSCS.

Event Details

Date:
18/07/2019
Location:
Style Showroom, 28 Leonard Street, London EC2A 4BY
Time:
16:00 - 18:00
Book online
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