Important changes to VAT and Payments
Posted: 16th Feb 2021 by Hunter Gee Holroyd Business Advice General, Taxation
Major changes to the VAT scheme for construction which HMRC are imposing will begin on 1st March 2021. The reverse charge means that the customer receiving the service must pay the VAT to HMRC instead of the supplier. In turn the customer can recover the VAT, subject to the normal rules for VAT recovery. It is… Read more
