FIS, alongside Build UK, is part of a coalition of industry trade bodies calling on the Chancellor to withdraw the VAT Reverse Charge which is due to be introduced on 1 March.

The new legislation will restrict the cash flow of companies throughout the construction supply chain, and Build UK is launching a campaign #StopReverseVAT on Monday 1 February to ensure that the Treasury and HMRC fully understand the impact of Reverse VAT. We are keen to involve all our members and you can feature your company on Build UK social media postcards by emailing Build UK the following:

  • a hi‐res headshot of your Chief Executive or Chairman/President
  • their name, job title and company
  • a quote (50 ‐ 75 words) that sums up the impact that Reverse VAT will have on your business or sector.

You can also help us to raise the profile of this issue by sharing the postcards on Twitter and LinkedIn using the hashtag #StopReverseVAT and tagging in @hmtreasury and @HMRCgovuk. By working together, we can demonstrate the significant impact Reverse VAT will have on the industry at a time when we have been singled out as vital to the economic recovery.