VAT : Are you aware of the reverse charge for construction services?

VAT : Are you aware of the reverse charge for construction services?

Instead of charging VAT on building works, contractors will be required to account for VAT as a purchaser of these services using the reverse charge. This comes into effect on 1 October 2019 and will require preparation to be ready for a significant change in VAT accounting procedures.

If you are involved in construction, this change will affect you.

Click here to listen to VAT Partner Debra Dougal’s commentary on the change.