HMRC consult on VAT fraud in construction industry
Released 20 March 2017
HMRC have opened a consultation on policy and legislative options to tackle VAT fraud on the provision of labour in the construction sector. Organised fraud in labour provision within the construction sector presents a significant risk to the public revenue.
The consultation will consider a range of policy options to prevent supply chain fraud in the sector, including a VAT reverse charge and changes to the qualifying criteria for gross payment status within the Construction Industry Scheme.
The consultation closes on 9 June 2017.
More details can be found here.