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Related news
VAT considerations for construction projects
If you are involved with the demolition or development of a building then consideration should be given to the VAT position and whether it can be reclaimed. Generally speaking, VAT costs would need to be incurred solely in relation to the making of taxable supplies whether they are currently being made or if there is an intention to make taxable supplies.
VAT alert - Domestic reverse charge article updates
From 1 March 2021, if your VAT-registered business provides certain supplies of construction services to another business you may no longer need to charge them VAT. This is because your customer may need to account for it under the new domestic reverse charge for construction services.
Summer Statement: Opportunity for tax planning following Stamp Duty Land Tax (SDLT) holiday announcement
The Chancellor of the Exchequer, Rishi Sunak, announced a string of measures in the recent summer statement, including a temporary change to Stamp Duty Land Tax (SDLT) with the aim to stimulate the property market during the coronavirus pandemic.
VAT alert: Domestic reverse charge on building and construction services
If your VAT-registered business provides construction services to another business you will no longer need to charge them VAT.