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How does the VAT reverse charge for construction work?

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Comments

  1. Whilst in theory this would appear to be an improvement on the current process and may well reduce elements of fraud I have serious concerns over the practicalities of how companies will be able to manage this both operationally and from a finance perspective. For this to be workable in practice more consideration is needed in relation to the list of exclusions. The current proposals only work for small contractors not large multi disciplinary ones.

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