If you are VAT registered and working in the Construction Industry that it is likey that you will be affected by the changes due to soon come in to effect.
Originally planned for October 2019, the changes have been postponed until 1st March 2021 because of Brexit and then Covid19.
Under the planned changes suppliers will no longer be required to charge or receive VAT from their customers.
Instead, the customer will charge themselves VAT on subcontractors’ services, and pay the VAT sums that would have been paid to the subcontractor direct to HMRC in their VAT returns.
These new regulations will only apply to those who are registered for VAT and provide services to other VAT registered businesses, that come under the Construction Industry Scheme.
This includes those working in Demolition, Construction, Renovation, Decorating, Plumbing and heating etc..
The changes don't however apply to businesses providing other support services such as surveying, architecture and consultancy; machinery, drilling or extraction, and the installation of security systems.
Sage have a good Q&A page on this subject on their website.
Further information on the changes can also be found on the Gov.uk website.