Property Conversions

Reverse Charge for Construction VAT postponed again

by Berthold Bauer on June 5, 2020

The new Reverse Charge VAT procedure (whereupon Main Contractors will become responsible for subcontractors Output VAT) has been postponed again from October 1st 2020 to March 1st 2021.

There are also minor changes for excluded Businesses where there will be an obligation for them to notify their subcontractors that they have End User or Intermediate status

The deferment is intended to provide breathing space to the construction sector following the impact on the industry as a whole during the COVID-19 shutdown, although a word of caution – the new regime will come into play at just about the same time that any deferred VAT payments will become due.

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Berthold BauerReverse Charge for Construction VAT postponed again

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