Insider

Business Matters: The domestic reverse VAT charge - what does it mean for building and construction services?

The Domestic Reverse VAT Charge (DRC) for building and construction services represents a significant shift in the administration of VAT for the construction industry within the UK. With the VAT onus ...
JD Supra

An Overview of the Construction VAT Domestic Reverse Charge

The DRC will affect around 150,000 businesses in the construction industry It will require those receiving a supply of construction services to account for VAT directly to HMRC In particular, it will ...
Accountancy Age

Domestic reverse charge VAT for services in the construction sector

From 1 October 2019, a VAT reverse charge will be in operation for most construction services carried out in the UK. This measure has been introduced to combat fraud in the building and construction ...
JD Supra

VAT Invoices and the Final Date for Payment

In its recent decision in Lidl Great Britain Ltd v Closed Circuit Cooling Ltd (t/a 3CL) [2023] EWHC 2243 (TCC), the TCC provided some helpful guidance around the statutory payment provisions in the ...
Building

The VAT domestic reverse charge for construction is changing in October - here's what you need to know

A significant change to how contractors in the supply chain account for VAT comes into effect on 1 October. The new rules remove the current requirement for VAT to be charged on sales invoices from ...