News & Important Dates
Construction chaos avoided!
The government has announced a 12-month delay to the introduction of the domestic reverse charge VAT for the construction services industry.
Industry representatives had raised concerns that many construction sector businesses were not ready for the new rules. The early implementation could cause chaos within the contruction industry possibly leading to a spike in company insolvencies.
The government ruled to delay the start of the VAT reverse charge until 1st October 2020.
If you enjoyed this article and would like to hear more from us, then please sign up to our mailing list.
If you have any queries relating to this article or if this article has made you question something within your own circumstances - please do not hesistate to contact us.