New Domestic Reverse Charge rules from 1 March 2021
The long delayed change to the way construction services need to account for VAT is due to come into effect on 1 March.
This is quite a fundamental change, and means that for major construction services VAT will not be charged by the supplier, but instead the customer will account for the VAT on their VAT return.
The Gerald Edelman VAT team has produced the following document outlining the full changes and what it means for the construction sector. Click on the link below to view the full update.
For further advice contact firstname.lastname@example.org.