Industry asks chancellor for another delay to reverse charge VAT plan

By Jordan Marshall2020-06-01T11:45:00

Trade bodies want Rishi Sunak to postpone introduction of scheme again

Construction trade bodies have called for the government to delay introducing the reverse charge VAT again because of the economic impact it will have on firms dealing with the effects of the covid-19 pandemic.

The changes were originally due to come into effect on 1 October last year and would have seen the customer receiving services having to pay the VAT due to HMRC instead of the supplier – meaning companies would no longer receive their 20% VAT payment when they submitted bills.

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