VAT in Construction & Heritage
VAT planning is a necessary part of project planning and project delivery. At Smith & Garratt we know about VAT-efficiency in construction generally and in the heritage sector.
We understand:
- VAT in construction
- When to register or de-register for VAT
- The rules for applying reduced-rate VAT
- Standard-rate supplies, zero-rate supplies, exempt supplies, partial exemption and the de-minimis rules
- When to ‘opt to tax’ / waive a VAT exemption
- Self-billing and the new VAT domestic reverse charge
