Residential SDLT is set to become more complex from 1 April 2021 with the planned introduction of the new 2% surcharge for non-UK resident purchasers of…
The domestic reverse charge is a major change to the way VAT is collected in the building and construction industry and will affect both suppliers and customers that are both VAT and CIS registered.
The changes come into effect on 1 March 2021 and mean the supplier will no longer charge VAT on its specified supplies. The customer receiving the supplies will be responsible for accounting for and paying any VAT due to HMRC.
See our detailed guidance on the new reverse charge here.
We have also produced answers to our FAQ’s on the matter here.