HMRC released a Revenue and Customs Brief on 26 August 2019 to clarify the VAT treatment of additional work following the conversion of a bathroom or washroom for a disabled person. In addition to the Revenue and Customs Brief, HMRC updated VAT Notice 701/7 - Refiefs from VAT for disabled and older people, which gives HMRC’s guidance on the reliefs available, to reinstate … [Read more...] about VAT on building conversion work for disabled people
construction
Updated VAT Notices (November 2019)
The following VAT Notices were recently updated on HMRC's website. VAT Notice 702 - Imports. A link has been added to the Brexit page: Check when you’ll need to account for import VAT in a no-deal Brexit. VAT Notice 700/1 - who should register for VAT. Added the following guidance: submitting advanced notification of UK VAT registration should the UK leave the EU … [Read more...] about Updated VAT Notices (November 2019)
Beep! Beep! This VAT is reversing…
On 1 October 2019 the rules for accounting for VAT in the building and construction industry will change for some businesses. The change only affects supplies that are subject to VAT at the reduced rate or standard rate of VAT. As this is VAT we’re talking about, the change is anything other than straightforward. In essence, the customer will become responsible for paying … [Read more...] about Beep! Beep! This VAT is reversing…
Building a new flat – can it be zero-rated?
Building a new flat - can it be zero-rated? You own a block of flats and want to increase the number of flats in the block. What can you do? You could rearrange the number of flats in the block so you have more smaller flats. Might go down badly with current tenants and may be less attractive to new tenants. How about adding a new flat on the top of the building? Would the … [Read more...] about Building a new flat – can it be zero-rated?
They come in threes – VAT queries
That's what is said. I've noticed over the years that when I get a query on one area of VAT, I can expect a similar query to be asked soon after. This past month I've seen two instances where similar queries have been asked. At the moment I'm waiting for the third query on each topic to be raised. Business splitting I've been asked about business splitting or, as HMRC call … [Read more...] about They come in threes – VAT queries