VAT and food supplies

VAT and food supplies

by | Aug 18, 2022 | Value Added Tax

HMRC’s VAT Notice 701/14: food explains what types of foods are zero rated and standard rated for VAT. The notice includes many examples of different food categories. The notice covers some general VAT liability rules. For example, food supplied in the course of...
Construction services taxed at VAT zero or 5% rate

Construction services taxed at VAT zero or 5% rate

by | Jul 28, 2022 | Value Added Tax

Whilst most businesses in the UK charge VAT at the standard rate of 20%, there are a number of different VAT rates and exemptions that businesses should be aware of. In the UK, there are three separate VAT rates, the standard rate @ 20%, reduced rate @ 5% and the...
Furnished Holiday Lets and VAT

Furnished Holiday Lets and VAT

by | Jul 14, 2022 | Value Added Tax

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for some specific tax purposes. As an FHL is treated as a business, it is important to remember that VAT must be accounted for on furnished...