Construction sector domestic VAT reverse charge now in operation
Readers are reminded that the construction sector domestic VAT reverse charge which was originally delayed one year from 1 October 2019 to 1 October 2020 and further delayed to 1 March 2021 due to the pandemic is now in operation.
From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services:
- for individuals or businesses who are registered for VAT in the UK; and
- reported within the Construction Industry Scheme
More information is available on GOV.UK.