VAT: NEW ACCOUNTING PROCEDURES FOR BUILDERS / SUBCONTRACTORS You may have read that new procedures are being introduced on 1 October 2019 which will affect any construction business where the contractor and subcontractor are both VAT registered. Under current rules, a builder charges VAT in the usual way. This is changing for supplies of both labour and materials between these businesses. The subcontractor will invoice the contractor without charging VAT…. Read Article →