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Tax Seminar (Cumbernauld)
June 4, 2019 8:30 am - 1:00 pm
Members will be aware that in the 2017 UK Government budget there was an announcement on the introduction of the reverse charging of VAT in the construction industry. This will take effect from October 2019 and will be a significant change for the construction industry.
Liz Bridge , the well respected construction industry tax expert, will provide details on how these major changes will impact on members and what action needs to be considered now to prepare for the changes.
The main element of this seminar will be an explanation of Reverse Charge VAT. This will entirely change the way many firms charge and account for VAT. It will have an enormous impact on cash flow and will be required to be fully understood so that the correct planning by companies can be put in place.
A firm will be affected if;
it has VAT registered subcontractors working for it.
it works for another contractor rather than for the final user of a building or structure.
you are VAT registered and CIS registered
You will need to know how the changes will impact upon your company and ensure that the necessary training of staff has taken place. You will need to redesign invoices and (again) upgrade software. Many firms will need to register with HMRC as repayment traders and send in monthly VAT returns.
In addition, June will see the first compulsory tax returns under the new Making Tax Digital regime. Liz will provide some tips and pointers for what to do if your tax return fails. She will outline what she believes to be the long term plan of HMRC –and how Making Tax Digital is just the tip of an iceberg!
This FREE seminar is aimed at Directors, Senior Managers and all those involved in finance and book-keeping.
HOW TO BOOK
•4th June Westerwood Hotel, 1 St Andrews Dr, Cumbernauld, G68 0EW
•5th June Palm Court Hotel, 81 Seafield Rd, Aberdeen AB15 7YX
•6th June Inverness Caledonian Thistle FC, Tulloch Caledonian Stadium, Inverness IV1 1FB
Registration at all venues will open at 0830 with the seminar ending with lunch at 1200.
This is the biggest tax change to impact the construction industry since the introduction of CIS. Demand for places at these seminars will be high so please reserve your place(s) quickly by e-mailing firstname.lastname@example.org with your name, designation, e-mail address and which date and venue you wish to attend.