This month’s Update revisits the important and valuable topic of the reduced rates for construction works. When you’re involved in a conversion project, or renovating an empty home, you can reduce the VAT rate from 20% to 5%. If your customer can’t reclaim their VAT, that is a big saving…
This Update will explain:
- When the reliefs apply
- The key concepts which the law and HMRC guidance apply
- What evidence you might need to apply the 5% rate
- And much more
Source Ciaran McGee
