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...