The start of a new scheme for the way construction firms handle their VAT for certain kinds of services has been pushed back from October 2020 until March 2021 due to the Covid-19 pandemic. The VAT Domestic Reverse Charge for Building and Construction Services means contractors will be required to pay the VAT directly to HMRC on the construction services provided by their sub-contractors. It’s an important change and one which businesses need to be fully […]
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