It must be recognised that where a person starts to hold out their domestic accommodation as effectively hotel, holiday accommodation or similar then it is likely that HMRC would regard this as a business activity if done with regular intent. The VAT liability of such lettings will be regarded as Taxable at the Standard rate and would count towards the VAT registration threshold.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- One in Three Large UK Firms Face Record VAT Investigations as HMRC Cracks Down
- Tribunal Rules Hampers’ Lidded Baskets Share VAT Treatment with Food and Drink Items
- FTT Dismisses Pacific Computers’ Appeal: Knew or Should Have Known of MTIC VAT Fraud
- Input Tax Deduction Challenges in Cross-Border Supply Chains: EU VAT Exemption Disputes
- HMRC Probes Into UK’s Largest Companies Now Last Over Three Years on Average













