With the VAT reverse charge for the construction industry having been twice delayed because of Brexit and Covid, many of you will have learnt and forgotten these new rules twice over already.
But we are sure in this case it will be third time unlucky, and the rules will come into effect on 1 March 2021.
Here’s all you need to know about the VAT reverse charge affecting construction businesses from March 2021.
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Users of the Flat rate Scheme who will be affected by these changes will need to consider whether they should revert to using standard VAT accounting.
For further advice on any of the information contained in this email, please contact your usual Moore adviser.