In amongst trying to get your business going through the current crisis with Coronavirus, there’s new legislation for construction businesses coming into effect on 31 March 2021 which is going to impact your cashflow even more: Domestic Reverse Charge. 

Domestic Reverse Charge (DRC) is a major change affecting how VAT is collected in the building and construction industry. 

In short, it means from the 31 March 2021, the customer receiving the service will have to pay the VAT due to HMRC instead of paying the supplier. They can recover the VAT in the usual way. 

Emma, Partner at A4G, Steve Taylor, Construction Business Development Manager at Bibby Financial Services, will be running a webinar on Thursday 11th February at 4:00 pm covering: 

  • What Domestic Reverse Charge is 
  • The steps you need to take to comply 
  • Solutions to reduce the impact on your cashflow
  • Best practices to streamline your processes and reduce your admin
  • If this is the last straw for you, information on how A4G Bookkeeping can take control of all of this for you so you don’t have to worry about any of it. 
  • How invoice finance will support your business through the up and downs due to DRC
  • Any questions you may have 

We hope this webinar will provide you with some clear information about DRC and an actionable plan to make you feel somewhat at ease during this tough time when your cashflow is probably at risk already. 

Learn how to comply and avoid a cashflow nightmare

Fill in the form below to reserve your space for the event.

(Don’t worry if you don’t receive email confirmation right away – we’ll let you know if there’s anything else you need to do nearer the time)

  • By ticking this box you agree to being contacted via email or phone by one of our Advisers, and for the information you provide us with to be kept securely for future communications in line with the new GDPR

You don’t have to wait

If you can’t wait for the webinar, we are here to help you. Contact your Client Manager or email us at discovery@a4g-llp.co.uk to book a consultation which includes a tailored report setting out the impact on you and the steps you need to take.

In the meantime, read our article here for a brief outline of what DRC is and how it impacts you and your cashflow. 

What is Domestic Reverse Charge?