VAT for barn convertors - Update March 2009
It’s been a while since a VAT update so I thought I’d review the current position, especially in view of the pre-Christmas credit-crunch fuelled reduction in the standard rate of VAT from 17.5% to 15%.
My own VAT reclaim will be due soon - by early Summer at the latest, so I thought I’d review the rates in-case anything had changed. I’m pleased to report (from the point of view of change being likely to cause more work and / or hassle) that the VAT reduction does not effect conversions and the 5% rate remains as it was…
Only standard-rated sales are affected. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions.
If you enjoyed that post, then read these...
VAT for barn convertors - Update December 2007 on December 8th, 2007
I thought it was about time to review the VAT situation regarding the barn to ensure that my understanding is correct, so an overview of...
VAT for barn convertors on March 16th, 2007
There is an update to this post at.
Building Progress ~ March 2009 on April 16th, 2009
(Oh no I've done it again; my March progress report is late just like February's was - sorry)
The two main developments this month are the...
Attention to detail... May 2009 update on May 19th, 2009
You (still) can't beat a good list (see the bottom of this post for the previous ones) - this is the current position:
In Progress
Flooring and...
VAT Reclaim - Preparation on October 31st, 2008
I know that many UK readers of this blog are interested in Value Added Tax (VAT) in relation to conversion projects.
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