Major VAT Changes in the Construction Industry - Are You Prepared?
Major VAT Changes in the Construction Industry - Are you Prepared?
From the 1st October 2019 the way the construction industry charges VAT is undergoing a major change.
HMRC's "Domestic Reverse Charge" will affect VAT-registered individuals, businesses and companies and is likely to have a significant impact on their cash flow. With cash flow being the predominant factor of the success and failure of any business in the construction industry, it is imperative that businesses are not caught unprepared.
As part of our commitment to ensure our valued clients are both educated about and comfortable with the proposed changes, New Anglia Growth Hub is joining forces with Aston Shaw and NatWest to arrange this free-to-attend seminar to explain in layman's terms what will be changing and how you can take steps to not just comply with, but take advantage of, the new rules.
Agenda and Timings
7:30am Arrival, breakfast and networking
Welcome and Introductions - Guy Gibson, New Anglia Growth Hub
The Domestic Reverse Charge - Glenn Savill, Aston Shaw
Financial Support Available - Andy Gray, NatWest
8:50am Questions and Answers
9:00am 1-2-1 opportunities and networking
9:30am Event Close
This event is in cooperation with Aston Shaw and NatWest.
Funded by the European Regional Development (ERDF) Fund, this rare opportunity is free to attend!
Guy Gibson, Business Growth Adviser, New Anglia Growth Hub
Guy joined the Growth Hub in 2017. Guy has a wealth of knowledge and experiences to draw upon and has worked in business and enterprise development around Norfolk before joining the Hub. Guy keeps on top of the latest changes in the business development landscape in order to support and advance the amazing businesses he visits and supports across Norfolk and Suffolk. Guy is a friendly and approachable part of the Business Adviser team.
Glenn Savill, Relationship Manager, Aston Shaw
Glenn Savill is passionate about engaging local businesses to topics and advice that make a real difference to SMEs. He has been with the firm since graduating from university with an Accounting & Finance honours degree in 2009. Having become a fully qualified Chartered Certified Accountant in 2015, he is now known for his down-to-earth yet energetic personality which makes him the perfect person to deliver important advice in a manner that is understandable and valuable.
Andy Gray, Business Growth Enabler, NatWest
Andy is the NatWest Business Growth Enabler for Norfolk and Suffolk. Using his background in the construction industry, Andy supports local businesses with 121 consultations, business focussed events and making local business connections through the Bank’s network.