The government have decided to delay the start of the proposed VAT reverse charge for supplies by sub-contractors in the construction sector.
The reason for the u-turn is the lack of awareness of the change that was originally due to start on
1 October 2019.
Many sub-contractors, and some main contractors, were not prepared for the changes on top of getting to grips with Making Tax Digital for VAT and consequently the government have decided to delay the start of the new rules for 12 months.
For more information call the GreenStones Team on 01733 371180.