The VAT Reverse Charge Originally happening in October 2019, it was postponed until October 2020 to let businesses concentrate on Brexit, but if you work in construction this is a major change for you and affects any work you complete under the Construction Industry Scheme from 1 March 2021. The charge applies to standard and reduced-rate VAT services: For individuals or businesses who are VAT registered in the UK Reported within CIS HMRC have produced some handy guides that can be found at https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services and we would recommend that if this affects you, you should watch the webinar from HMRC.
Read More
