In this article we will be looking into recent changes that affect the CIS. The construction sector remains one of the UK’s key sectors, despite the effects of the COVID-19 pandemic. In September 2021, construction output grew by 1.3% on the previous month. This placed the sector just 1% below its pre-pandemic level – and[…]
Those working in the UK’s construction industry will have to handle and pay VAT differently from 1 March 2021, unless there’s another last-minute Government U-turn. This is when the VAT domestic reverse charge for building and construction services, to use its full name, will finally take effect at the third time of asking. In this[…]
Upcoming changes for reverse charge VAT Few sectors have such an impact in the UK as the construction industry. It not only provides the fabric of our nation – the places where we live and work – but also underpins our entire economy. In 2017, construction contributed £113 billion to the UK economy, while construction[…]