HMRC’s domestic reverse charge for the construction industry comes into force in less than a fortnight.
The charge affects VAT-registered businesses and individuals who supply or receive certain services that are reported within the construction industry scheme from 1 March 2021.
From this date, suppliers that are included in the reverse charge will no longer charge VAT when they provide specified services – instead, the customer will be responsible for reporting any VAT due.
Some of these services include construction, alteration, repair, extension, decorating and installing air conditioning, heating and lighting.
The charge was initially meant to come into effect from 1 October 2019, but was pushed back for a year due to Brexit, and delayed again in June 2020 due to the COVID-19 pandemic.
Click here for more information on how to prepare.
Get in touch to discuss the domestic reverse charge for VAT.
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