A dramatic U-Turn by the HMRC means that the ill-prepared VAT Reverse Charge has now officially been delayed until October 1st2020. Over the weekend, HMRC passed a policy paper to delay VAT Reverse, stating that “industry representatives have raised concerns that some businesses in the construction sector are not ready…”.
They have also stated that the legislation will be coming into the industry next year and so if you took provisions prior to the delay, it was not wasted effort.
As always, Shield Labour Solutions are up to date and on top of legislation as it happens. We make it a priority to let you know as soon as the information becomes available. If you would like any more information on the above, please do not hesitate to give us a call on 0330 094 5110