Reverse Charge VAT Reminder
HMRC is making major changes to the VAT for the construction sector. The changes, dubbed Reverse Charge VAT, will affect payments between contractors and subcontractors from October 1 2019.
It is important that you understand the changes and plan for them as the new scheme could have large repercussions for your cashflow. For more information click here.
The Joint Taxation Committee has produced a reverse charge vat training note and a draft letter for full contracting members to send to any VAT registered subcontractors they have informing them of the changes.