A new company intending to be involved in buying and refurbishing residential property for sale has approached me to do some bookkeeping work. Company will ...

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The DRC will affect around 150,000 businesses in the construction industry It will require those receiving a supply of construction services to account for VAT directly to HMRC In particular, it will ...

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A new VAT charge will come into effect for 1.2 million construction workers today which could see disruption in trader/supplier relationships and potential cash flow issues, it has been claimed.

The way HMRC collects VAT from construction firms has changed. On 1 March 2021, the VAT reverse charge for building and construction services came into force. The aim is to tackle VAT fraud in the ...

The Domestic Reverse VAT Charge (DRC) for building and construction services represents a significant shift in the administration of VAT for the construction industry within the UK. With the VAT onus ...

A new VAT charge will come into effect for 1.2 million construction workers today which could see disruption in trader/supplier relationships and potential cash flow issues, it has been claimed.