5 December 2024 Wim Accountants Taxation, VAT

Energy-Saving materials

HMRC is consulting on updated draft legislation to amend the scope of the VAT relief for the installation of energy-saving materials (ESMs) in residential accommodation. The proposed amendments will: reduced installations rate of ESMs in residential accommodation for recipients who are 60+ or receiving certain benefits, & for housing associations; remove the reduced rate for the installation […]

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3 December 2024 Wim Accountants wimblog, Renovation, VAT

VAT Rates for Residential Property Renovations

Bringing vacant properties back into use may be expensive, especially if extensive renovations are necessary. Domestic building work, including repair, maintenance, and upgrades, is often taxed at the regular vat rate of 20%. In some cases, VAT on construction works is taxed at a lower or even zero-rated rate. It is critical essential you understand […]

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Category: VAT

Energy-Saving materials

VAT Rates for Residential Property Renovations

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