VAT Reverse Charge delay is common sense

The Treasury have announced that the introduction of the ‘VAT Reverse Charge’ is now going to be delayed for a further five months, to 1st March 2021.

Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “Despite covid-19 dominating their focus, the Government has stayed on top of their brief, listened to the united voice of industry and made the correct decision in delaying VAT reverse charge. Industry is not ready.”

More time, communication and investment is required, if the Government wants construction to be ready for VAT reverse charge. The previous postponement was already pushing the boundaries of deliverable and with covid-19 changing the landscape of business resilience, a more realistic implementation timeframe is required.

Beresford, continued: “NFB members have been able to access expert advice, webinars and guidance on VAT reverse charge but with more than 340,000 construction companies operating in the UK, most companies still do not know what it is, what its impact will be, or how to implement it.”

The NFB joined with colleagues across the sector to call on Government to delay the introduction of reverse charge VAT, in a letter sent to the Chancellor in May.

National Federation of Builders

The National Federation of Builders is a United Kingdom trade association representing the interests of small and medium-sized building contractors in England and Wales.

You May Also Enjoy

Breaking News

UK house prices growing by 2.5% according to Halifax

Nathan Emerson, CEO of Propertymark: “This slight dip in house prices will likely have been influenced as a direct consequence to the current state of the global economy. There will always be a need for people to move house regardless of international trading relations; however, many aspiring or current homeowners will no doubt be discouraged…
Read More
Breaking News

UK house prices dip slightly in May, but market remains steady

Average property price now £296,648 compared to £297,798 last month Annual rate of growth slows to +2.5% from +3.2% in April Overall house prices have remained stable so far this year Northern Ireland continues to lead annual price growth in the UK Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK house prices fell by…
Read More
Breaking News

Estate Agent Content

Do you think that your estate agency / property business requires content? Is content marketing still a thing in 2025? Are you concerned if anyone will read your words? Is it worth investing in estate agent content? Businesses with blogs generate 67% more leads than those without. As competition for attention online increases it remains…
Read More
Breaking News

The cost of voids rises by £200 for England’s landlords

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More
Breaking News

Breaking Property News 5/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Demand Rises for Housing and Infrastructure Projects Rising demand for housing, infrastructure and energy projects across Wales has driven continued growth at Lichfields’ Cardiff office, which this year marks 25 years in the capital. The team of 17 planning professionals is one of the largest…
Read More
Breaking News

Construction continues to enjoy a season in the sun

Underlying performance is on the rise during Q.2 2025 Today, Glenigan, one of the construction industry’s leading insight experts, releases the June 2025 edition of its Construction Index. The Index focuses on the three months to the end of May 2025, covering all underlying projects, with a total value of £100m or less (unless otherwise…
Read More