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    Value added tax - Land and buildings - Construction of new buildings - 84115

    Construction services provided in the course of construction of a new building are standard-rated unless a specific provision reduces the VAT rate to 5% or 0%. They can never be exempt. The disposal of...

    Eleventh hour delay to reverse charge

    The new reverse charge for the construction industry has been delayed by twelve months, but it is crucial for clients to prepare. How could clients lose a valuable cash-flow advantage next year,...

    Conversion or new building - dodging the standard-rate trap

    If you’re in the building trade not only do you have to contend with HMRC’s construction industry scheme (CIS) but sometimes you need to be a VAT expert too. When can you zero-rate your services...

    VAT savings on building work

    Your builder clients can sometimes charge VAT at 5% instead of 20%. What should you advise them to avoid problems with HMRC, and how could a careful engagement strategy leave both your client...

    HMRC changes its mind on zero rating

    If you’re involved in constructing new buildings to make dwellings, or converting buildings into dwellings, there’s a new twist to the VAT rules which could work to your advantage. Could...

    A VAT trick for property entrepreneurs

    Doing up a property as a buy to let can be expensive. But in some situations you can lower the cost by using tax breaks that reduce the VAT. What are these and how can you take advantage?

    VAT saving on property development

    Until recently, property development was seen as a good investment. But now many developers have houses they can’t sell and have resorted to renting them out. But this can lead to a VAT trap....