VAT domestic reverse charge for construction services
On 1 March 2021, the VAT domestic reverse charge for building and construction services comes into effect, changing who pays VAT to HMRC.
On 1 March 2021, the VAT domestic reverse charge for building and construction services comes into effect, changing who pays VAT to HMRC.
The new VAT deferral payment scheme opens soon allowing you to make up to 11 interest-free monthly instalments
As a business owner, it is important to understand when you need to register for VAT and the deadlines for completing VAT returns and payments.
HMRC has announced a further 5 month delay to the introduction of the VAT domestic reverse charge for building and construction services.
Negotiating the VAT rules is a complex business. One recent tax tribunal case saw discussions about whether a chocolate brownie is classed as a cake or confectionery for VAT purposes.