VAT on residential construction

All posts tagged VAT on residential construction

VAT & Construction Post-Brexit?

by Berthold Bauer on January 17, 2018

VAT accounted for nearly a quarter of all UK tax revenues in 2015/2016; so it’s virtually guaranteed it will remain in place after Brexit (VAT in one form or another being in place for many non-EU countries: Switzerland, Norway, Israel & now even the United Arab Emirates).

READ MORE
Berthold BauerVAT & Construction Post-Brexit?

Construction VAT Update: ‘Demolition by stealth’

by Berthold Bauer on May 10, 2017

It is common for new builds to either begin life as extensions / partial build – either becoming full demolition by a gradual erosion of the planning process or due to unforeseen structural weaknesses. Zero rating for new builds hinges on the Demolition Test, a key aspect of the test being that planning consent is in place for the full demolition of any existing structures.

READ MORE
Berthold BauerConstruction VAT Update: ‘Demolition by stealth’