VAT Reverse Charge: Delayed

VAT Reverse Charge: Delayed

The reverse charge was due to come into effect on 1 October but the government have decided to delay the start of the proposed VAT reverse charge due to lack of awareness. The charge affects those in the building trade – read more here. 

Many subcontractors and some main contractors were not prepared for the changes on top of getting to grips with Making Tax Digital for VAT.

It’s also come to light that some of those sub-contractors using the VAT flat rate scheme would be worse off which will require a review of whether the scheme will still worthwhile for them.

If you would like further assistance on how the reverse charge will affect you, contact us on 01295 477 250 alternatively you can email hello@progressaccountants.com.

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