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Tag Archives: Accounting for VAT

VAT

How to Prepare Your Business For the VAT Domestic Reverse Charge

NewsletterBy Kamal PatelFebruary 13, 2021

The VAT domestic reverse charge procedure is a new way of accounting for VAT in the construction industry. It is due to come into effect in the UK on 1 March 2021, having previously been delayed from 2019 and then October 2020 by HMRC. If your business is affected here is how you can prepare…

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