(source icaew.com) UK VAT rules up to 31 December 2020 Under the UK’s VAT rules: VAT is charged on most goods and services sold within the UK and the EU. VAT is payable by businesses when they bring goods into the UK. There are different rules depending on whether the...

From 1 March 2021 the domestic reverse VAT charge will come into effect for businesses in the construction industry. The domestic reverse VAT charge (DRC) will now mean that the customer (a VAT registered business) who gets supplies of construction or building...