New HMRC DRC Guidance

HMRC has published its VAT Reverse Charge for Building and Construction Services Manual – click here. Whilst this guidance is aimed at HMRC’s own internal staff, it is worth reading if you are in the construction supply chain and affected by the DRC. It will provide information and importantly some insight as to HMRC policies and how they see the world of VAT. We’re seeing more HMRC activity on DRC transactions. It’s worth a discussion if you want assurance that your DRC processes are robust. A proactive approach is always helpful versus responding to HMRC challenge.