Pro Installer August 2019 - Issue 77 | Page 45

AUGUST 2019 | 45 Business Read online at www.proinstaller.co.uk a reverse charge that applies to transactions with EU countries (while the UK remains inside the EU) which you could call the “international reverse charge”. The customer (contractor) pays the VAT, although they can still claim the VAT back as now, subject to the usual rules. The DRC will apply to both businesses and individuals that are both registered for VAT and supply or buy services that have to be reported under the Construction Industry Scheme (CIS). There is no need to worry about this if the service is zero-rated or the cus- tomer is non-VAT registered. Simi- larly, like CIS, it does not apply to the final sale to the end customer or to an agent representing them. The HMRC guidance also provides answers to a number of other queries: • Checking whether a customer is an end user or the agent of an end user • The way to check if the con- tractor is CIS and VAT regis- tered • How to complete VAT returns with this change • How to handle the change when a contract spans the 1st October 2019, covering the issue where sales are raised before 1st October 2017 Where a single contractor has many contracts with a single subbie this is a special case. If the DRC applies to more than 5% of those contracts (by value or by number) the DRC may be applied to all the contracts ignoring if they would otherwise qualify or not. HMRC advice is to: • Check whether you are im- pacted by the DRC – either as a contractor or a subcon- tractor • Tell your counter-parties about the change • Make sure your system, if you use one, will deal with the DRC. Make sure your MTD arrangements can also handle the DRC • Think about the impact of DRC on cash flow. If you are a subcontractor impacted by DRC you may be hit by the fact that you won’t receive VAT payments which you can hold for a while before they have to be paid to HMRC There has been a lot of criticism of the way HMRC are implement- ing this change. The detailed guidance is very late while it had been stated that there would be a 12-month lead time. This does not help anyone. The HMRC guidance can be found by searching Google for “HMRC vat domestic reverse charge”. In conclusion Although the “deadline” for MTD has passed, the reality is that the likely trouble remains ahead. To add the change in handling of VAT between contractors and subcon- tractors into the same timeframe seems, to put it politely, a mistake. Given that the detailed guidance has come out barely three months ahead of the deadline for imple- mentation, this makes a very diffi- cult situation even worse. All of this potentially costs time and money for long-suffering installers. My final thought is to wish you all the best in coping with this tangled mess. About the author Benjamin Dyer is CEO and co-founder of Powered Now. Pow- ered Now’s mobile app aims to take the pain out of paperwork for plumbing and heating companies, as well as other trade businesses. www.powerednow.com