Author: Kirk Newsholme Chartered Accountants in Leeds

The VAT reverse charge and how it will affect the construction industry

This year could be the most challenging year yet for the construction industry, as HM Revenue and Customs (HMRC) has announced that the VAT reverse charge will commence 1 October 2019. The Government announced in the 2017 autumn budget statement that they intended to implement a VAT reverse charge scheme. Further to this, in November…