JTC Newsline - January 2018
The first meetings to bash out the shape of reverse charge VAT – which will start in October 2019 – are being held in late February. Until then I can say no more than it will have serious knock on effects on cash flow and everyone in the contracting world must use their knowledge and energy to focus on improving their cash flow control. But we may have cash flow storms head anyway much closer than 2019.
Where any firms become unable to pay tax on time because money expected is not paid to them, then the top tip must be to phone HMRC BEFORE the due date and ask for permission to pay late. This can be granted is sought BEFORE the due date.
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