creative772021-02-23T10:09:39+00:00New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”.
The new “reverse charge” system of VAT accounting will affect...
creative772020-07-28T13:16:03+01:00The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to:
hospitality
hotel and holiday accommodation
admissions to certain attractions.
The temporary reduced rate will apply to supplies that are made between 15 July...
creative772019-09-30T11:32:15+01:00If you build your own house or convert an existing property into a home, you may be eligible to apply for a VAT refund on building materials and services. You do not need to be VAT registered to claim a refund.
what qualifies?
Refunds can be claimed in respect of building...
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