Cash flow fears spark call for another delay to VAT changes

Industry leaders are calling for another delay to VAT changes which could see 150,000 construction companies face a 20% drop in cash flow.
The reverse charge VAT change was due to come into force last October but was pushed back a year following industry lobbying.
Now construction leaders want to see it shifted back again to October 2021 “at the earliest” as the industry struggles to cope with the impact of Covid-19 on cash flow.Leading industry trade bodies have written to Chancello