Reverse charge VAT rules for construction sector started
The new “reverse charge” system of VAT accounting affects sub-contractors supplying their services to main contractors in the construction sector.
The new “reverse charge” system of VAT accounting affects sub-contractors supplying their services to main contractors in the construction sector.
New VAT rules are finally due to come into effect in March 2021 which will impact on accounting for VAT for transactions in the construction sector.