Domestic reverse charge (DRC) in the construction industry.
The Domestic Reverse Charge (DRC) in the construction industry starts on the 1st October 2020. Below is what Xero has to say about it and this is the link to their page :- https://www.xero.com/blog/2019/08/domestic-reverse-charge-in-the-construction-industry/ The regulation intends to cut down on “missing trader” fraud, where companies receiving high net amounts of VAT from their customers […]
