PROINSTALLER.CO.UK
THE VOICE OF THE TRADE
ISSUE 78
SEPTEMBER 2019
FREE
10 Time to make time 14 Roof condensation 22 Clad all over 33 Titans of tape
Seven reasons to attend
UK Construction Week at
the NEC this October. Selecting the right tiled
roof system you want to
work with. A trade-focussed guide
on cladding repair and
maintenance from Swish. Helping transform Britain’s
buildings into the quietest,
most thermally efficient.
REVERSE VAT CHARGE IMMINENT
FOR CONSTRUCTION INDUSTRY
Introduction of New VAT Rules to
Target Fraud due in October 2019
Businesses which pro-
vide construction services
are urged to make them-
selves aware of changes
to the way VAT is charged
prior to the introduction of
reverse VAT charging later
this year. Changes to VAT
charging are being intro-
duced in order to tackle the
growing problem of VAT
fraud in the construction
industry. Tax preparation
expert and director of
DSR Tax Claims Ltd, David
Redfern, cautioned con-
struction contractors to be
aware of the new reverse
VAT charge coming into
effect in October 2019
and to ensure that their
businesses are prepared for
any potential impact, with
smaller businesses likely
to be more significantly
impacted.
In an attempt to combat
the growing issue of VAT
fraud within the construc-
tion industry supply chain,
HMRC has introduced a
change to VAT account-
ing rules. This means that
businesses which supply
certain construction ser-
vices will no longer charge
and account for the VAT on
those supplies and services,
with the responsibility for
this shifting to the customer
who will now be expected
to account for the VAT. This
will mean that VAT cash no
longer flows between busi-
nesses within the construc-
tion supply chain. Redfern
stated “Due to the growing
number of construction
businesses set up for purely
fraudulent purposes, HMRC
have introduced this new
reverse VAT charge in order
to reduce fraud and ensure
that construction businesses
remain compliant with VAT
regulations. These changes
mean that the recipient of
the construction services
and supplies will now be
responsible for charg-
ing themselves the VAT
and accounting for it and
businesses which provide
construction services will
need to state clearly on
their invoices that the VAT
is subject to this reverse
charge.”
Contractors and sub-con-
tractors who supply ser-
vices to larger companies,
recruitment companies and
umbrella companies will
be affected. The reverse
charge will not apply to the
consumer or final link in
the supply chain, known as
“end users” because there
will be no onward supplier
in that case.
Story continues on page 2
THE AWARD WINNING ALUMINIUM LANTERN
ROOF FOR GLAZED EXTENSIONS
FASTER
STRONGER
WARMER
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02/07/2019 12:39