Oxford Office - 01865 552 925  |  Witney Office - 01993 776 476 team@themgroup.co.uk

The VAT domestic reverse charge for building and construction services is now scheduled to come into effect from 1 March 2021. The original introduction date was changed from 1 October 2019 to 1 October 2020 and revised again in June 2020 due to the impact of the coronavirus (COVID-19). The legislation has not changed since it was enacted in 2019 except for a useful alteration to the requirements placed on ‘end users’ and ‘intermediary suppliers’.

For full details please read our PDF Factsheet

How we can help

The change means that the construction sector is likely to be subject to considerable HMRC scrutiny in the foreseeable future. The reverse charge may highlight that some construction services may not have been correctly classified in the past. For these reasons, we would recommend taking stock of VAT and CIS compliance across the board.

Please contact us for an in-depth discussion, or for advice on cashflow and financial management strategies to help your business adapt successfully to the new regime.

The MGroup

Like to know more about how The MGroup can help you or your business?

Call our offices in Oxford 01865 552 925 & Witney 01993 776 476 or use our form.

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