Petition · past parliament · HM Treasury
Delay VAT reversal scheme for construction industry
Closed
31 signatures
What the petition asks
The VAT reversal scheme is due to be implemented from 1st March 2021
However due to the current situation of a pandemic crisis this is not the right time to implement and should be delayed.
However due to the current situation of a pandemic crisis this is not the right time to implement and should be delayed.
The VAT reversal scheme has already been delayed from Oct 2020 to March 2021 due to the COVID pandemic but should be delayed further.
This affects the Construction industry; one of the few trades that has been able to continue throughout the pandemic.
However the impact of implementing this now could have major negative consequences. The cash flow of SME businesses will be drastically hit & result in company closures and further redundancies. The only ones to benefit from this change is HMRC
This affects the Construction industry; one of the few trades that has been able to continue throughout the pandemic.
However the impact of implementing this now could have major negative consequences. The cash flow of SME businesses will be drastically hit & result in company closures and further redundancies. The only ones to benefit from this change is HMRC
Timeline
| 21 Jan 2021 | Petition opened for signatures |
| 21 Jul 2021 | Closed to new signatures |
Key facts
Signatures
31
Status
Closed
Department
HM Treasury
Opened
21 Jan 2021
Closed
21 Jul 2021
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Source: the official petition page. Last checked 15 Jul 2026.