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.
24 June 2020| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed again to 1 March 2021 due to the impact of the COVID-19 pandemic on the industry. The DRC imposes a significant administrative burden on businesses affected by the change.
24 September 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed by 12 months and will now be introduced with effect from October 2020. The domestic reverse charge imposes a significant administrative burden on businesses affected by the change.
24 June 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules, VAT News
HMRC has published new guidance on the VAT domestic reverse charge for building and construction coming into effect in October 2019. The VAT reverse charge is a major change to the way VAT is collected in the building and construction industry.
