Big VAT changes ahead for the construction sector

Changes to the way customers account for VAT on certain building and construction services will be introduced from 1 October 2019.     In a nutshell, the changes mean that a UK VAT registered customer in receipt of standard or reduced rate services that are normally...

VAT and a reverse charge on construction services

As announced in the Autumn Budget of 2017, following consultation earlier in 2017, a domestic ‘reverse charge’ in respect of VAT on certain supplies will be introduced to tackle fraud in construction labour supply chains. This will be subject to a further round of...

VAT review announced for small businesses

Earlier this week The Office for Tax Simplification (OTS) published its review of VAT – the first of its kind since the introduction of VAT over forty years ago. The review will come before VAT is due to go digital in 2019, as part of HM Revenue & Customs’ (HMRC)...