What’s next for tax in the construction sector?

We held a webinar to help you prepare for the following changes: 

• The introduction of the domestic reverse charge for VAT – from 1 March 2021, this important change will affect VAT compliance and accounting procedures for organisations involved in the supplies of building or construction services.
• Off payroll “IR35” regulations – With the introduction of the new legislation in the private sector for medium and large organisations fast approaching on 6 April 2021, it is crucial businesses do not leave it until the last minute to review their compliance, given the financial and reputational risks that could arise.
• Construction Industry Scheme (CIS) legislation – Key changes to legislation from 6 April 2021 will have a notable impact on an organisation’s CIS processes and also on the requirement for some non-construction entities to register within the scheme.

During the webinar, our construction sector tax experts shared their experience of assisting clients in the industry, along with an update on recent guidance issued by HMRC.