Reverse VAT Charge Delay Welcomed
HMRC to Delay Implementation of Reverse VAT Charge until October 2020
The decision by HMRC to delay the introduction of the reverse VAT charge for construction services until October 2020 has been welcomed by businesses across the construction industry. David Redfern, tax preparation specialist and Managing Director of DSR Tax Claims Ltd commended the government's decision as a much-needed respite for the construction industry sector, already under pressure from uncertain economic conditions and agreed that the industry required additional guidance in order to ensure that the reverse VAT charge is rolled out without causing undue harm to the construction sector.