For years, HMRC maintained that a dwelling can only comprise one building.  Now, however, they do accept that a dwelling can have more than one building.  There are conditions, of course, for which see Revenue & Customs Brief 13/2016.  The difficulty with it is that, as ever, they pass the onus on to the contractor… Read More

Well, after several months of no activity on here, but lots of work activity, I thought it was about time I said a word or two about what important stuff is happening in the world of VAT. OK, I fibbed – it’s difficult to include the words ‘VAT’ and ‘important’ in the same sentence without… Read More

Well, this year’s Budget has been and gone and once again it is not terribly exciting for the majority of businesses or indeed home-owners, on the VAT front. The VAT registration limit has increased again – up to £83,000. That’s about it. Well, that is, with the exception of quite a novel way of dealing… Read More

Two posts relating to MOSS – this is getting tedious, but I feel that I must share this one. I mentioned in the last post that many multi-nationals would have registered for VAT in the likes of Madeira or Luxembourg.  Well, that advantage was removed from 1 January 2015, as the VAT revenue it was… Read More

Keeping up the good work, here’s my first new substantive post – HMRC have announced that intelligent lighting can now be zero rated, where applicable.  Or else 5% rated, again if applicable.  But first, a bit of background: Since 1973, with a few exceptions, there has been no VAT cost, in building a new house. … Read More

Hi For a number of years, I have looked at professional websites (websites of professionals, mostly tax/accountancy) and tutted away in realising that the ‘News’ page was last updated more than 12 months ago.  And here I’ve done it myself – last entry a couple of years ago.  And why?  Mainly through lack of time… Read More

HMRC have taken heed of the responses to their Budget change consultations and have allowed a small measure of relaxation in the transitional arrangements relating to the cessation of zero rating for listed buildings. If you recall, zero rating will cease as at 30 September 2012. The first exception to this was a transitional arrangement… Read More

The EU has asked the UK to amend its rules on energy saving materials, which are currently subject to the 5% VAT rate, on a ‘supply and fit’ basis. Under EU VAT rules, the UK (and other member states) can only apply a reduced rate on a specified number of goods and services. Energy saving… Read More

My recent euphoria on an earlier previous post that included the words “possibly some good news on listed buildings” was somewhat deflated on the afternoon of the Budget. With effect from 1 October 2012, the VAT relief that currently allows zero rating for certain types of work on listed buildings has been withdrawn. As a… Read More

For once the Budget has introduced a few interesting topics on VAT, not all of them good, of course: • As ever, the VAT registration limit is rising – to £77,000 – with the new de-registration limit set at £75,000. Effective from 1 April 2012. • Again as ever, the VAT fuel scale charge figures… Read More