Month: February 2021

Introduction of the VAT domestic reverse charge for construction services in March 2021

24 February 2021| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules

In a bid to tackle fraud, the VAT domestic reverse charge for construction services is being introduced in March 2021. This will impose a significant administrative burden on businesses affected by the change.

New UK VAT rules for imports in consignments up to £135

11 February 2021| CATEGORIES: Uncategorised| TAGS:

Following the UK’s exit from the EU, new VAT rules apply to goods entering the UK in consignments valued at up to £135. The changes include: the abolition of low value consignment relief, which currently exempts consignments of goods up to £15 from import VAT; a new requirement for overseas sellers to charge UK VAT …

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