Opting To Tax commercial property Opting to tax provides a unique situation in the VAT world. It is the only example of where a supplier can choose to add VAT to a supply….. or not. What is an option to tax? The sale or letting of a property is, in most cases, exempt (VAT free)... Continue reading »| Marcus Ward Consultancy Ltd
Help! Supplies relating to property may be, or have been; 20%, 17.5%, 15.%, 10% 5%, zero-rated, exempt, or outside the scope of VAT – all impacting, in different ways, upon the VAT position of a supplier and customer. In addition, the law permits certain exempt supplies to be changed to 20% without the agreement of... Continue reading »| Marcus Ward Consultancy Ltd