Following my blog post last week asking if you were ready for this Reverse Charge, it seems that maybe HMRC weren't ready either or perhaps they are just being helpful...you decide which!
Extract from the Briefing note:
"Industry representatives have raised concerns that some businesses in the construction sector are not ready to implement the VAT domestic reverse charge for building and construction on 1 October 2019.
To help these businesses and give them more time to prepare, the introduction of the reverse charge has been delayed for a period of 12 months until 1 October 2020. This will also avoid the changes coinciding with Brexit."
Comentários