VAT News

UK-Consultation into reverse charge in the construction industry

HMRC have recently released a consultation document seeking comments on the potential introduction of a domestic reverse charge mechanism within the construction industry. The idea behind such a mechanism would be to reduce fraud in the sector, and follows successful reverse charge implementations in the mobile phone and computer chip sector.

Many other EU member states have already implemented a reverse charge to construction services.

Related articles

Italian Government are Preparing for a No-Deal Brexit

Italian authorities have announced their plans ahead of the UK's possible no-deal Brexit departure.

Read more
Introduction of a U.S Consumption Tax Would Raise $3 Trillion

U.S. Consumption Tax of 5% could raise $3 trillion by 2028 says Congressional Budget Office.

Read more
EU Exit - Update from HMRC

HMRC outline important changes to customs procedures and VAT for UK-EU trade that will occur if the UK leaves the EU without a deal.

Read more