There were no changes announced to the rate of VAT.
The VAT registration and de-registration limits will remain frozen at £85,000 and £83,000 respectively until 31 March 2022.
VAT fraud in labour provision in the construction sector
The Chancellor announced in the 2017 Budget that the government would consult on legislation for a VAT reverse charge for building and construction services.
The measure will, for certain supplies of construction services and related goods, mean that the customer will be liable to account to HMRC for the VAT in respect of those purchases rather than the supplier.
VAT: split payment for online payments
Following the consultation launched at Spring Statement 2018, the government will publish a government response document on 7 November 2018.
A split payment model would allow VAT to be extracted from online payments in real time. The responses to the call for evidence were broadly positive about the concept but highlighted the complexities of implementation. The response document will set out plans for further engagement with external stakeholders, in preparation for a full consultation in 2018.