HMRC have recently posted a delay to the upcoming changes for VAT and the building industry. the proposed changes (see last post) will now be Oct 2020.
The pressure on HMRC from various trade bodies to postpone this has been quite intense.
” The effect on business cashflow, and the effect with different VAT schemes ( flat rate, Etc.) would be significant” say business forums, and detrimental in the present financial climate.
Time will tell if this scheme is introduced in the future.
I will keep you informed
regards Lee.