Lots of everyday VAT issues this month.
Stamp duty and VAT: Revenue & Customs Brief 20/11 https://tinyurl.com/y32bdmzb contains guidance for landlords when the terms for leases with existing clients are varied. Very helpful guidance at this time when the residential rental market is under pressure.
Are management charges liable to VAT? It depends on whether the the charge is payment for services or goods that are liable to VAT. Check out my article on the subject here: https://tinyurl.com/y48dr3be
Charity digital advertising relief and VAT: Revenue & Business Brief 20/13 VAT https://tinyurl.com/y6r6gcb2 HMRC’s reviewed policy explaining when digital advertising services for charities are are zero-rated.
Keep an eye out for news of our property webinar available very soon!
Here is the missing link for last month’s article When HMRC gets it wrong https://tinyurl.com/yxzuouqg I hope it works this time round!
And the most frequently asked question about the 5% VAT rate for residential renovations: When can you get the 5% for goods and materials? See my article: https://tinyurl.com/y3kbfe7a
That’s it for now, keep busy and contact us if you need help with VAT issues: firstname.lastname@example.org or 07955 704228.