Worried tier 1s were drawing up plans to bail out suppliers before HMRC agreed to VAT delay

By Jonathan Owen2019-09-11T05:00:00

Trade bodies call for policy to be scrapped just days after government climbdown

Contractors are calling on the government to scrap its new VAT regime – just five days after ministers bowed to industry pressure to delay the policy’s introduction by one year.

Last week’s climbdown came as main contractors were preparing to bail out suppliers ahead of the original start date, 1 October, because they were concerned the changes could force many smaller firms out of business.

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