Simple Guide to Spring Statement 2022

This is a basic guide, prepared by Ellyss. It’s an introduction only and should not be used as a definitive guide since individual circumstances may vary. Specific advice should be obtained, where necessary. The headline message from the Chancellor was future tax cuts to support families with the cost of living. You can read the
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Domestic Reverse Charge VAT for the Construction Industry

What is domestic reverse charge VAT? Domestic Reverse Charge VAT legislation (DRC) is a change in the way CIS registered construction businesses handle and pay VAT. It is being introduced in the UK on 1st March 2021, having previouslybeen delayed from October 2019. Why is it being introduced? The domestic reverse charge VAT procedure is
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