Smoking cessation products

HMRC have published a Statutory Instrument that changes the legislation that applied the reduced rate of VAT to smoking cessation products. This was introduced last year and was intended to run for one year, i.e. from 1 July 2007 to 30 June 2008. The change allows for smoking cessation products to continue to have VAT applied at the reduced rate … [Read more...]

Are you renovating residential properties?

Are you renovating residential properties that have been empty for at least two years?This may be good news for you.HMRC have just announced that new rules come into force on 1 January 2008 which apply the reduced rate of VAT (5%) to this work. This is an change to the existing rules which allowed the reduced rate to apply to the renovation of a … [Read more...]

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