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

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.

Sage Job Costing Replacement

We have a product that can directly replace Sage Job Costing, migrating all the data, at transactional level, and can replicate the reports that people are used to.

Farewell 2021…Here’s to 2022

Farewell 2021…Here’s to 2022

As we come to the close of another difficult year for everyone, it seems quite apt that we said back in June, things can change in the blink of an eye. Here we are again with the air of uncertainty hanging over the whole country. Will people be able to see families at...