BUSINESS SUPPORT
Report by Owen Baker Technical Officer (Policy & Research)
VAT reverse charge for building and construction services
F
rom 1st March 2021 all sub-contractors supplying services to a VAT-registered contractor will no longer receive VAT from the contractor. Instead, the contractor will pay the VAT normally paid to the sub-contractor, directly to HMRC.
Accredited Contractor Maylim Greenwich Block 3
LANDSCAPE. PLANT. MAINTAIN. DONE.
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LANDSCAPE NEWS SPRING 2021
This means if you are a VAT-registered subcontractor, registered with the Construction Industry Scheme (CIS), who currently receives VAT payments from a contractor client, as of 1st March 2021 you will no longer receive VAT from these clients. This change will affect nearly all landscape contractors and sub-contractors, and it is important members understand the consequences of the changes.
