VATupdate

VAT Reverse Charge In The Construction Industry

From 1st March 2021, those working in construction and building services will have to deal with VAT differently.

The VAT reverse scheme is designed to combat VAT fraud within the construction industry.

The scheme was originally due to come into force in October 2020 but was delayed due to the impact of the Coronavirus pandemic.

Source: etl-uk.com

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