From 1st March 2021, VAT-registered subcontractors will no longer charge VAT on certain construction services to another VAT-registered business. Instead, the customer will ‘self-account’ for any VAT due – this is known as the Reverse Charge. In this video we explain what this means and how it may affect your business.
Disclaimer: This information is accurate at date of publication. It may be subject to change if new information if released by the Government and if new legislation comes into force.
Advice shared in this video is intended to inform rather than advise. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation on 0800 0523 555 or at hello@taxassist.co.uk. If you take, or do not take action as a result of this webinar, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
