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VAT

Articles and resources relating to VAT in the construction and real estate sectors.
Displaying 1-24 of 24 results
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Lessons on VAT from New Zealand and Australia
  • Article
  • 27 Nov 2024
  • ICAEW Insights
For UK tax policy stakeholders, fascinating case studies of how other countries are approaching VAT can be found on the other side of the world.
VAT import one stop shop for Northern Ireland
  • Article
  • 23 Feb 2024
  • ICAEW
Businesses in Northern Ireland can now register for the scheme to account for VAT on goods sold to consumers in the EU or Northern Ireland.
Digital scheme for DIY housebuilder VAT refunds launched
  • Article
  • 06 Dec 2023
  • ICAEW
Taxpayers building their own home can now claim back VAT incurred through an online service.
Exclusive CONSTRUCTION AND REAL ESTATE COMMUNITY Emerging opportunities and pitfalls in real estate tax
  • Article
  • 30 Nov 2023
  • Karl Leesi
Guy Richardson and Mark Fielden, from the real estate and construction team at Moore Kingston Smith, recently presented an ICAEW webinar on “Emerging opportunities and current pitfalls in the tax regime for property investment and trading”. In this article we want to accentuate some of the practical tax complexities discussed in the webinar. Subsequently, in light of the Chancellor of the Exchequer’s recent Autumn Statement on 22 November 2023, we want to explore how current tax policy continues to create uncertainty in the real estate and construction sector.
school uniform dress blazer tie coat rack ICAEW Taxline VAT school fees
Exclusive TAX FACULTY Would removing the VAT exemption for private schools make VAT simpler?
  • Article
  • 01 Sep 2023
  • ICAEW
Peter Hughes examines the Labour party’s plans to abolish the VAT exemption for private schools.
TAX FACULTY ICAEW REP 065/23 Construction industry scheme reform
  • Representation
  • 10 Jul 2023
  • PDF (250kb)
A representation dated 10 July 2023 to a consultation published by HMRC on 27 April 2023.
Exclusive FARMING AND RURAL BUSINESS COMMUNITY Energy saving materials and planning permission
  • Article
  • 14 Apr 2023
  • Julie Butler
The construction, maintenance and improvement of property is a key issue for almost all farmers. In this article Julie Butler considers two property related tax cases and their implications for the rural business.
VAT rules change for GB-bought second-hand vehicles sold in Northern Ireland
  • Article
  • 31 Jan 2023
  • ICAEW
From 1 May 2023, businesses will no longer be able to use a margin scheme when buying second-hand vehicles in Great Britain and selling them in Northern Ireland.
HMRC updates guidance on VAT domestic reverse charge for construction
  • Article
  • 22 Nov 2022
  • ICAEW
Guidance on the supply of scaffolding has been added. Guidance in several other areas has been updated.
VAT: changes to notification process for opting to tax land and buildings
  • Article
  • 05 Oct 2022
  • ICAEW
Following a trial, changes to how HMRC acknowledges an option to tax notification will become “business as usual”.
New tax measures for 2022 article image
Exclusive New tax measures for 2022
  • Article
  • 28 Feb 2022
  • Angela Clegg
Angela Clegg outlines changes scheduled for April 2022 involving uncertain tax treatments, plastic packaging tax, residential property developer tax, MTD for VAT, trading licences, QAHCs, reliefs for the creative sector, tonnage tax, and national insurance.
Change in VAT treatment of construction self-supply charge
  • Article
  • 13 Oct 2021
HMRC has revised its policy on meaning of ‘entire interest’ for the purposes of the construction self-supply charge following the Supreme Court’s judgement in the Balhousie Holdings case.
TAX FACULTY ICAEW REP 70/21 Simplifying the VAT land exemption
  • Representation
  • 26 Jul 2021
  • PDF (176kb)
The Tax Faculty believes that simplification of the VAT system for land and property is highly desirable and that consideration is given to removing the current VAT exemption rules for commercial property. However, now that the UK has left the EU, as land and property is only one aspect of the complications caused by the exemption regimes more generally, we think that the time has come to undertake a thorough review of the VAT exemption rules with a view to its abolition.
VAT reverse charge for construction just days away
  • Article
  • 23 Feb 2021
23 February 2021: With the VAT domestic reverse charge for construction services coming into force in less than a week, ICAEW’s Tax Faculty is urging affected firms to make sure they are prepared.
TAX FACULTY Construction Industry Scheme VAT reverse charge
  • Webinar
  • 03 Feb 2021
In this webinar, Neil Warren, Independent VAT speaker, author and consultant explains the new rules on VAT domestic reverse charge for construction services and how it will affect your clients.
Delayed CIS VAT reverse charge takes effect on 1 March
  • Article
  • 26 Jan 2021
26 January 2021: After several delays HMRC’s VAT domestic reverse charge for construction services is due to come into force on 1 March 2021. ICAEW’s Tax Faculty provides a reminder of the changes.
CONSTRUCTION AND REAL ESTATE COMMUNITY How to use the VAT reverse charge if you supply building and construction services
  • Helpsheets and support
  • 24 Sep 2020
  • HM Revenue & Customs
Find out how to use the new domestic reverse charge from 1 March 2021.
CONSTRUCTION AND REAL ESTATE COMMUNITY Check when you must use the VAT reverse charge for building and construction services
  • Helpsheets and support
  • 24 Sep 2020
  • HM Revenue & Customs
Find out about the domestic reverse charge for supplies of building and construction services from 1 March 2021.
TAX FACULTY Tax and the construction industry
  • Article
  • 31 Jul 2020
  • Tim Palmer and Mark Rubinson
The construction sector is again under the spotlight. Tim Palmer and Mark Rubinson of Arram Berlyn Gardner review in depth the forthcoming tax changes. They look at the basics of the construction industry scheme, how the changes affect contractors and subcontractors, and illustrate their points using three examples.
TAX FACULTY ICAEW REP 101/19 Simplification of partial exemption and capital goods scheme
  • Representation
  • 30 Sep 2019
  • PDF (306kb)
A response dated 26 September 2019 to a consultation published by HMRC on 18 July 2019
CONSTRUCTION AND REAL ESTATE COMMUNITY Domestic reverse charge VAT for construction services - delay in implementation
  • Website
  • 06 Sep 2019
  • Gov UK
This brief explains that the introduction of the domestic reverse charge for construction services will be delayed for a period of 12 months until 1 October 2020.
Domestic reverse charge VAT for construction services in 2019
  • Website
  • 18 Jun 2019
  • BDO
HMRC’s new domestic reverse charge for construction services comes into force on 1 October 2019. HMRC has recently finalised its legislation and published further guidance on this new regime, which will require the recipient rather than the supplier to account for the VAT due on certain construction services.
VAT reverse charge for building and construction services guidance
  • Website
  • 07 Nov 2018
  • HM Revenue & Customs
This guidance note explains the VAT domestic reverse charge for building and construction services which comes into effect on 1 October 2019
VAT Notice 700/22: Making Tax Digital for VAT
  • Website
  • 13 Apr 2018
  • HM Revenue & Customs
Thie revised notice, explains the digital records VAT-registered businesses with a taxable turnover above £85,00 are required to keep.
Displaying 1-24 of 24 results
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