Two major changes for Construction companies – designed to tackle VAT fraud and abuse of the CIS scheme rules – have now come into effect.
Construction VAT Domestic Reverse Charge: another change of deadline
If you are VAT-registered and work in building and construction, take note. The introduction of the VAT domestic reverse charge, postponed for 12 months last October, has been put back again.
VAT reverse charge – new accounting rules for builders from 1 March
After two changes of deadline, the new VAT accounting procedures (known as the VAT reverse charge) for builders will be introduced on 1 March 2021. Here we explain the changes and what they may mean for your construction business.
