VAT fiasco
VAT fiasco
- 1998
- Yorkshire Post 7 July 1998, B4(1) .
Recent changes to VAT rules could have serious implications for the construction industry. Builders will have to pay VAT costs within 18 months of completing a project - which could cause problems if they have not been paid by the developer. Under current rules VAT payments are triggered by payment or the issuing of an invoice.
CONSTRUCTION INDUSTRY
CONSTRUCTION PROJECTS
DEVELOPERS
VAT RULES
Recent changes to VAT rules could have serious implications for the construction industry. Builders will have to pay VAT costs within 18 months of completing a project - which could cause problems if they have not been paid by the developer. Under current rules VAT payments are triggered by payment or the issuing of an invoice.
CONSTRUCTION INDUSTRY
CONSTRUCTION PROJECTS
DEVELOPERS
VAT RULES