My client runs a business that purchases old houses, renovates them up to modern standards and then sells them on. He uses a preferred architect for the design work and various building contractors to do the renovation work. Can he recover the VAT that the architect and various contractors charge to him as he is […]
HMRC’s policy on this is set out in Notice 701/10 (section 7) and in the manual VBOOKS4200 and these appear to be slightly at odds.
Some of the quirks within the flat-rate VAT scheme
My client has won a contract to decommission a power plant in Germany and will be invoicing a German company for the work. As this is a supply to a VAT- registered EU customer surely they can zero-rate?
Query about the possible buyback of shares in a private company
My client lets out their home for a fortnight when they go on their annual holiday. The temporary lodgers have access to the whole house and not just a selected room. HMRC guidance on the rent a room scheme states “you can let out as much of your home as you want” and so suggests […]