Update: VAT Changes for Construction Industry Delayed

The implementation of the domestic reverse charge for construction services, which has caused much concern for the construction industry, has been delayed until 1 October 2020. Full details can be found here: Revenue and Customs Brief 10 (2019): domestic reverse charge VAT for construction services – delay in implementation. Please note: This article is a … Continue reading Update: VAT Changes for Construction Industry Delayed

Major VAT Changes for the Construction Industry

Update: This has now been delayed until 1/10/2020. Find out more here. 1st October 2019 marks the introduction of the Construction Services Domestic Reverse Charge (CSDRC). The new rules are intended to counter what HMRC describes as ‘missing trader fraud’, where a trader reclaims VAT on purchases which the supplier has no intention of paying … Continue reading Major VAT Changes for the Construction Industry