Tax point for supplies in the construction industry

Special tax point rules apply in the construction industry similar to those for continuous services.

Where services with or without goods, are supplied in the course of the construction, alteration, demolition, repair or maintenance of a building or of any civil engineering work, and a contract provides for stage payments, a supply is treated as taking place on the earlier of:

(1)when a payment is received by the supplier; or

(2)when the supplier issues a VAT invoice (Notice 700, para. 15.3).

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