The CIOT has written to HMRC, asking for introduction of the VAT reverse charge on supplies of construction services, currently set for 1 October 2019, to be delayed until April 2020. Separately, a coalition of trade bodies in the construction sector have written to the chancellor with a similar request.
The trade bodies highlight that:
A recent survey by the Federation of Master Builders indicated that 69% of small and medium-sized construction businesses were not even aware of the new reverse charge.
The CIOT has written to HMRC, asking for introduction of the VAT reverse charge on supplies of construction services, currently set for 1 October 2019, to be delayed until April 2020. Separately, a coalition of trade bodies in the construction sector have written to the chancellor with a similar request.
The trade bodies highlight that:
A recent survey by the Federation of Master Builders indicated that 69% of small and medium-sized construction businesses were not even aware of the new reverse charge.