VAT – change for construction 2021

The VAT domestic reverse charge (DRC) for building and construction services takes effect from 1 March 2021. Designed to tackle VAT fraud in the construction sector, the measure has been postponed twice already. This time, however, it’s for real.

The following briefing has been prepared to explain what it means, how to operate the charge and also provide some practical steps.

BD_VAT reverse charge