As previously advised, HMRC have announced a new initiative in respect of certain construction services where the recipient of the supplies will be responsible for accounting for VAT and not the supplier. We have received a number of queries on how the reverse charge process will work and the practical impact of the changes are proving a challenge for many affected businesses.
In the event that you of your client operates on the construction sector, please contact us to discuss the affect that this change may have on your VAT accounting practices.
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