This brief explains that the introduction of the domestic reverse charge for construction services will be delayed for a period of 12 months until 1 October 2020.
Articles and resources relating to VAT in the construction and real estate sectors.
This guidance note explains the VAT domestic reverse charge for building and construction services which comes into effect on 1 October 2019
HMRC’s new domestic reverse charge for construction services comes into force on 1 October 2019. HMRC has recently finalised its legislation and published further guidance on this new regime, which will require the recipient rather than the supplier to account for the VAT due on certain construction services.
Thie revised notice, explains the digital records VAT-registered businesses with a taxable turnover above £85,00 are required to keep.