BCSA members are prepared for Reverse VAT but we still consider this to be an unfair and regressive tax measure which will unfairly target tax-compliant tier 2 contractors and SMEs and will hamper economic recovery across the construction sector. We have urged the Chancellor to cancel the introduction of Reverse VAT.
To stop the introduction of reverse VAT, BCSA has been supporting Build UK’s campaign calling for Reverse VAT to be withdrawn. This campaign started on Build UK’s social media channels on Monday 1st February and on BCSA’s own channels Tuesday 2nd February.
The aim of this Campaign is for the Chancellor and the Government to understand the full implication that reverse VAT will have on our industry if it is introduced on 1st March 2021.