Tag Archives: build

VAT – Building and Construction work

This is an area of VAT that I have been asked about quite often recently. Its a complex area and HMRC explain that many kinds of work that builders and similar trades do are standard-rated for VAT. But certain types … Continue reading

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Revised guidance for trade or property businesses

“HMRC is publishing draft revised guidance on what is a repair for direct tax purposes to replace the guidance currently in the Business Income Manual at BIM46900 onwards and that in the Property Income Manual at PIM2020, see Revenue & … Continue reading

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Werrington electrician jailed over £372k VAT fraud

This scam was based on the “HM Revenue and Customs’ (HRMC) policy that new build developments are exempt from VAT meaning contractors do not pass on the charge”. http://www.thisisstaffordshire.co.uk/Werrington-electrician-jailed-pound-372k-VAT/story-18089104-detail/story.html#axzz2KK5StDv8 Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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VAT if you construct, adapt or install for disabled people

Some alterations made to a disabled person’s private home can be VAT zero-rated but many are not aware of the regulations surrounding this. Here is how HMRC explain the situation: http://www.hmrc.gov.uk/vat/sectors/builders/disabled.htm Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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