Reverse Charge VAT Legislation

Reverse Charge VAT Legislation

Jan 20, 2021 | Features

Reverse Charge VAT legislation is due to come into effect on the 1st March 2021 and we need to upgrade your Elite Contract Costing software to a compliant version.

If you have custom sales or subcontractor layouts these will need to be amended as part of the upgrade to make them compliant with the new legislation. Further information about Reverse Charge VAT, along with a list of the affected report layouts and impact on your accounts software, can be found in the attached document.

This software upgrade is provided free of charge as part of your annual support contract, however, the time to install the upgrade and to amend your report layouts is chargeable. The cost of this will vary depending on the version of Elite Contract Costing you are currently on and the number of report layouts that need to be amended. This will be charged on a time basis and, for those with pre-paid plans, it can be deducted from your flexi-plan.

Please contact us to schedule your upgrade.

Related Articles

Web App Module

Q4 2023 brings the anticipated release of Contract Costing’s latest Web App Module. New modules include Purchase Orders, Purchase Invoice Authorisation & Subcontractor Authorisation.

It’s been a while

It’s been a while since we last did an update and boy, how have things changed. The UK had 3 Prime Ministers in 3 Months, Scotland has a new First Minister, there is a war in Ukraine and a cost-of-living crisis. It’s been tough for people in and out of the workplace,...

Case Studies

Insite Contracts were first to get the new Beta version of Contract Costing giving them new features such as the ability to produce proper payment certificates for subcontractors.