HMRC have announced a delay to the implementation of the Construction Industry Reverse Charge to 1 October 2020.
The reason given by HMRC is that representations from the Construction Industry have convinced them that it is not ready for the new rules.
Therefore, contractors and sub-contractors should continue to raise invoices and account for VAT as per their current arrangements.
Preparations to make the change will be required in 2020.
If you have already changed your invoicing or have applied for monthly VAT returns in preparation for the change, please see HMRC’s comments in the attached Brief.
Please follow this link to the relevant HMRC brief:
For further information please contact your local partner or client relationship manager.