Mastering the CIS Reverse Charge VAT for Construction Business Owners (VAT Series 10)

[@MDHAccountants.]

Thank you for watching; I hope you find this video useful! If you found the video valuable and informative, give it a thumbs up, and if you have any questions, please comment below!

[@mark-jonathanwilkinson763]

Great video Michael. I’m having to send out multiple reminders to my subcontractors to get the right invoices through. Let companies know early in the process is a good shout.

[@MDHAccountants.]

Thank you 😊. Big paperwork game of chess. How have you been ?

[@patricias5402]

A subby is in a DRC chain, he has purchased materials for DRC job(all subject to VAT). Can he reclaim the VAT on said materials? Or does he raise sales invoice to contractor for 100% gross amount of materials? And contractor reclaims VAT on their return as per subbys sales invoice?

[@MDHAccountants.]

Is the subby vat registered?

[@MDHAccountants.]

Might be better explaining on a Zoom call

[@mikebyrnecartwrightbyrneca5192]

Is xero a good starting platform for small construction business?

[@MDHAccountants.]

That’s our preference of software. It’s a good idea to know the basics first or get someone to guide you like us.

[@mikebyrnecartwrightbyrneca5192]

@@MDHAccountants. I have just started a small utility company and to be honest the accounts side I don't have a clue. Would you be interested in having a chat regarding being our accountant? Regards Mike

[@MDHAccountants.]

I would be glad to.

[@MDHAccountants.]

Let’s book an initial discovery call on zoom. Please book using this link: calendly.com/michael-mdh/discovery-call

[@MDHAccountants.]

I look forward to meeting you