Our expert accountants at The Accountancy Solutions are on hand to walk you through every step of the process. Helping you to see where you are eligible for a reduced or zero rates, and how to register for the reduction.
Have a question?
Get A Free Quote
Have a question?
Get A Free Quote
Your partners in planning and success
There are multiple instances where VAT can be reduced if certain criteria are met. If you are a builder operating in the UK, you may be eligible to pay a different VAT rate. Normally, VAT is charged at 20%, but there are significant exceptions for building projects where certain circumstances are involved. In some cases, the standard rate can be reduced to 0%, such as building projects involving new builds. There are also opportunities to reduce VAT to 5% for certain projects, like renovations on empty homes and converting a building for different use.
Advice For VAT On Builders
It can be challenging to know when and if you are eligible for a VAT reduction and how to register for it. Reduced or zero rate VAT on building products can save a considerable amount of money, especially when you enlist a trained accountant to review your business projects. At The Accountancy Solutions, our professional accountants are highly experienced in all areas of VAT for builders and can assist in areas that include:
- Zero and reduced VAT rates
- Business reviews for eligibility
- Compliance checks and investigations
- Registration and deregistration
- VAT returns & Input and Output calculations
- VAT schemes & VAT exemptions
We care for our clients. Building and maintaining fantastic relationships is what we do best, we will never treat you as a number which is what makes our approach so unique. The highest level of customer service combined with a keenness to listen and work together with our clients means that we leave a stream of happy clients in our wake every single day. Our services come with unlimited help and support provided at no extra cost throughout the year.That help and advice will all come courtesy of your own fully qualified and dedicated small business accountant.
Got a question?
Are you just looking for an answer to a general question? We always provide free advice to individuals and self employed persons. You can send us an email, call us or fill in the form. But you should be asking answers to general questions.
Frequently Asked Questions
Most frequent questions and answers
No we do not charge any fee for initial consultation. We will try to give you free guidance if its something you can do easily by yourself. We will only charge you if you appoint us to do some work for you.
We are giving free advice on general questions and this is one way of paying back to our local community who cannot get through to tax man. But if your question is of specific nature, we will tell you about our fee.
You can certainly ask question about accounting but you should know that we cannot teach you accounting over the phone or online. If you are not familiar with book keeping or accounting, its best to hire an accountant?
If you are only after advice, we will make a decision after hearing question. It may take further investigation and we may have to look into your personal circumstances to answer your question.
Free advice for our clients
Our Services For Business
Our clients are our assets and we take every step to look after them and provide them the advice and support when ever they need.
LET US KNOW IF YOU NEED HELP WITH SWITCHING ACCOUNTANT
It has never been easier to switch accountants. You just need to sign our engagement letter and we will do the rest.
Read our Latest Blog
If a person already has 35 qualifying years or is likely to do so by the time that they reach state pension age, missing a year will not adversely affect their state pension entitlement. However, if they have less than 35 years (and will be able to reach the minimum 10 years needed for a reduced state pension by the time that they reach state pension age) making voluntary contributions can be worthwhile.
While any gain on the sale of a property that has been the taxpayer’s main residence throughout the period of ownership is covered by private residence relief, the flip side is that if the main residence is sold at a loss, the loss is not an allowable loss for capital gains tax purposes.
Taking a loan can be tax efficient, particularly if paid back before the trigger date for the s. 455 charge. It may be an attractive option to get over a difficult period where a return to profitability is anticipated, allowing a dividend to be declared to clear to loan balance.