AccountsPortal Blog
How to Prepare for the Construction Industry Vat Reverse Charge
Gidon | 2 years ago
The VAT domestic reverse charge for building and construction services will come into effect on 1 March 2021, bringing with it significant changes to the way in which VAT is handled for certain kinds of construction services in the UK.
The VAT domestic reverse charge builds on the existing Construction Industry Scheme (CIS) which requires contractors to deduct money from sub-contractors’ payments for tax and NI purposes.
