VAT Reverse Charge for Building Construction Services Manual Published

Surprisingly, until now, there was no HMRC guidance manual covering the domestic VAT reverse charge for Building and Construction Services which was introduced back in 2021. But people are no longer in the dark as HMRC have finally published the VAT Reverse Charge for Building and Construction Services Manual. This is perhaps a niche area unless/until you have a building project. On a slightly connected theme, after years of pressure from taxpayer representatives including ourselves, HMRC have acknowledged that the £250k threshold for putting capital items into the capital goods scheme is too low and is leaving many charities (particularly in the education sector) with a huge administrative burden. The announcement is light on detail, but it does seem that HMRC are going to increase the threshold to £600k, which whilst not high enough in our view, will bring relief to some.