What is it, and when does it take effect?
It’s the “Domestic Reverse Charge VAT for Construction Services“, and it’s meant to stamp out missing VAT from the construction industry. It comes into force from 1 October 2019.
Who does it affect?
It may affect you if you’re in the construction industry, if you’re VAT registered, and you’re invoicing for your building services, or receiving invoices from other contractors for building services.Read More