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COVID-19 - an update

March 2020
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COVID-19 - an update

March 2020
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New VAT rules for the construction sector


HM Revenue & Customs (HMRC) proposes to introduce new VAT reverse charge rules for construction services.

HMRC has published a draft statutory instrument for technical consultation together with a draft explanatory memorandum and a draft tax information and impact note.

Under the draft legislation supplies of standard or reduced-rated construction services between construction or building businesses will be subject to a domestic reverse charge. This means that the customer will be liable to account for VAT due, instead of the supplier.

The legislation will not apply to specified supplies made to customers who are consumers, or to those that use specified supplies to make other supplies, such as those selling new houses.

The legislation is expected to take effect from 1 October 2019. More details of the proposed new rules can be found here.

Please do not hesitate to contact us if you have queries.

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