Reverse Charge VAT Legislation

Reverse Charge VAT Legislation

in Elite January 20, 2021

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.

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