Construction DRC for VAT

Due to the impact of the Coronavirus pandemic, the overhaul of how VAT is accounted for in the construction sector is now due to come into effect on 1 March 2021. The Domestic Reverse Charge for VAT was originally scheduled to become effective on 1 October 2019. This was postponed 12 months to allow more time for businesses to prepare however, the impact of Coronavirus has further postponed implementation by five months.