Unlock Opportunities with Domestic Reverse Charge in the UK
Are you a VAT-registered business in the UK construction industry? If so, Domestic Reverse Charge (DRC) is an important topic you need to be aware of! Don’t worry, we're here to help!
What You Need to Know about Domestic Reverse Charge
Domestic Reverse Charge is a VAT mechanism introduced by HMRC to combat VAT fraud within the construction sector. It shifts the responsibility for paying VAT from the supplier to the customer in certain transactions, affecting how VAT is accounted for in the supply chain.
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