The way VAT is charged on construction services will change on 1st October 2019. HMRC has introduced the Domestic Reverse Charge (DRC) as part of new anti-fraud rules to combat VAT fraud in construction sector labour supply chains.
If you work within the construction Industry Scheme and are VAT registered, are you ready for the changes?
We will be posting regular updates on this topic over the coming weeks.
If you would like to discuss this or any other accounting or tax issues you need advice on then please do get in touch.
All initial consultations are free of charge.