With effect from 1 October 2019 businesses involved in supplies of construction services will be need to change how they account for VAT. If the supplier is making a supply of services that are liable to the reverse charge it will still need to issue VAT invoices but will not declare and pay VAT to HMRC. Instead its customer will become responsible for accounting for VAT by making a reverse charge, unless the customer is an end user of the services.
Here at The VAT People we are concerned that many businesses may have overlooked this rule change coming as it does hot on the heals of MTD and Brexit. With this in mind we have prepared a helpful and jargon free information sheet. We will be happy to provide this free of charge to any accountants who may have clients within the construction sector, or to businesses that supply or receive construction services.
Please call our helpline on 0800 077 4604 and ask to speak to one of our consultants who will be happy to email a copy of our information sheet to you and discuss any VAT concerns that you may have.
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