The Vat Reverse Charge & IR35 Changes and how they impact the construction sector
In this webinar, Mark Doherty Director at Azets, outlines the recent VAT changes around the Reverse Charge mechanism which came into effect from 1 March 2021. These changes interact closely with the Construction Industry Scheme for contractors and will significantly change VAT accounting and compliance processes for most in the sector. The changes may also significantly change the VAT profile of smaller and medium sized contractors and reduce their cash throughout.David Hedges Employment Tax Partner at Azets, discusses the changes to IR35 in the private sector which come into operation from 6 April. He considers the impact on the end user and the service providers as well as any intermediaries in the engagement chain. He also covers the employment status review requirements, appropriate decisions notifications, and income tax deduction requirements. He also examines the cost implications throughout the supply chain.