News0 min ago
vat on building work
1 Answers
Has the rate of VAT on building work been reduced to 5% and does that rate apply just to labour or also to materials
Answers
Best Answer
No best answer has yet been selected by olliegoggi. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The reduced rate applied only to "renovation or alteration of a single dwelling which has been empty for three years or more, conversion of a dwelling, or changing the number of dwellings (eg from two houses into one), conversion of a dwelling into a multiple occupation dwelling (ie flats), conversion of a dwelling or multiple occupation dwelling to a building intended for 'relevant residential purposes' ". [source: http://www.buildingconservation.com/articles/vat/v
at.htm ]
at.htm ]