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 … [Read more...]

They come in threes – VAT queries

That's what is said. I've noticed over the years that when IĀ 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 … [Read more...]

Budget 2017: VAT issues

In his Budget on 8 March 2017 the Chancellor of the Exchequer, Philip Hammond, covered four VAT items. Only one of which I heard mentioned in his speech. The rest were covered in the supporting documents published after the Chancellor finished his speech in the House of Commons. VAT registration limit The VAT registration limit will increase by … [Read more...]

Recently published Information Sheet – March 2014

Information Sheets Details of the most recent Information Sheet published by HMRC. VAT on buildings that are dwellings and used for a relevant residential purpose HMRC has published Information Sheet 2/14: VAT on buildings that are dwellings and used for a relevant residential purpose. This Information Sheet updates the guidance contained in … [Read more...]

Recently released Revenue & Customs Briefs – March 2014

Recently released Revenue & Customs Briefs - March 2014 The following Revenue & Customs Briefs have been released in the past few weeks by HMRC. These include: Definition of word student for VAT liability of construction VAT on buildings that are dwellings and used for a relevant residential purpose Tour Operators Margin Scheme … [Read more...]

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