Liz Bridge, CECA’s Taxation Consultant will talk about the significant change to the VAT regime which is on the horizon for construction companies – Reverse Charge VAT which is due to be introduced in October 2019 but which will need significant upfront work by companies to adjust to this change.
She will also give a background on the forthcoming changes which are known as Making Tax Digital. Despite the boring title, this is a revolution in tax compliance and payment and will start within the next two years for most construction businesses.
Finally, Liz will pick up on a number of other issues which can impact on companies, including the payment of travel and lodging expenses, as well as other allowances.