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VAT: Construction industry reverse charge DELAYED for 1 year

VAT: Construction industry reverse charge HMRC have announced that the introduction of the 'construction industry reverse charge' has been deferred for 1 year, to 1 October 2020. This delay has been welcomed by the majority of both Accountants and their effected clients, and gives a stay of execution for all those not prepared for the changes in VAT. That said, for those whom have invested time and resources into being prepared, could be forgiven for feeling a little frustrated at just how late this announcement has come. Click the link to view HMRC's 'Revenue & Customs Brief 10(2019)' HMRC recognises that many clients will already have taken the necessary steps towards the new reverse charg

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