Does any one have info on when QB's will release the VAT code for the new domestic reverse charge for the construction industry please?

It’s nice to see you in the Community, finance33.

The VAT code for the new domestic reverse charge for the construction industry will be put into effect on 1 March 2021. If you’re a contractor, review all your contracts with sub-contractors.

This is to decide if the reverse charge will apply to the services you receive under your contracts. Make sure to notify your suppliers if they do. Let me share this article for additional information: VAT: domestic reverse charge for building and construction services.

You can visit the QBO Blog and register for our Newsletter signup feature. This way, you’ll get the latest tips, advice, and resources to help your business grow.

For future reference, this guide contains some links that will guide you on how to manage the VAT in QBO: Getting Started.

Stay in touch if you have any other concerns or questions about QuickBooks. I’ll be glad to lend a helping hand. Have a great rest of the day.