In the construction industry, where margins can be tight and cash-flow is critical, every advantage counts.
One such advantage is the effect of the Domestic Reverse Charge (DRC) for VAT.
At The Guild, we have embraced DRC as part of our commitment to transparency, compliance and providing maximum value to our clients.
Let’s explore how The Guild’s adoption of DRC not only ensures regulatory compliance but also improves clients’ cash-flow:
Benefits for construction clients include:
immediate cash -flow improvement: invoices that do not bear VAT (owing to the DRC),
allow clients to retain the VAT portion of their payments, leading to an immediate improvement in their cash-flow. This means our clients have more working capital at their disposal to invest in their projects or allocate to other business priorities.
enhanced competitiveness: our adherence to DRC demonstrates our commitment to compliance and transparency. By rendering invoices without the addition of VAT, we provide our clients with a competitive advantage in the construction market. This transparency builds trust and strengthens our relationships with clients – ultimately contributing to our mutual success.
Trust the Guild – where compliance isn’t just a promise, it’s a guarantee.
Choose The Guild and secure your peace of mind.
Book a quick call with our experts!
Our experts are happy to offer tailored advice for your business, unriddle any confusion about tax law and explain the amazing savings you could make.
