UK HMRC has launched a public consultation on a draft Order to introduce a value added tax (VAT) reverse charge for constructions services effective 1 October 2019. In general, UK law requires suppliers to account for VAT on their supplies, but under Section 55A of the VAT Act, recipients of specified supplies are required to pay the VAT due (reverse charge). The draft Order would bring constructions services within the scope of reverse charge to counter so-called "missing trader fraud", which is perpetrated through transaction chains in certain business sectors where the VAT charged by the supplier is not paid...