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Recently published VAT report for anyone who is considering building a new residential property, or converting a non residential property into living accommodation.
The essence of the scheme is to put a DIY builder in the same position as if they had purchased a new property from a developer. As this would be a zero rated transaction for VAT, there is some scope to reclaim the VAT incurred on, for example, building materials.
Please contact Andrew Rainford at our offices for further information.
VAT report on construction
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Autumn statement and reaction
Andrew Rainford - Tax Manager
The press coverage of the recent Autumn Statement focused on the Euro crisis, and the perceived inaccuracy of the initial growth forecasts and public sector job cut estimates. And of course the failure of the Government to come anywhere close to its deficit reduction targets.
The ubiquitous beast that is 'The Deficit' is a largely misunderstood concept. Many incorrectly assume that the measurement of the national deficit is the amount of outstanding borrowings owed by the Government. This is possibly fuel...
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View our tax rates, reliefs and efficient investment report for the tax year 2011/2012.
Sample "The Personal Allowance is increased to £7,475 (increase of £1,000) and this should be borne in mind when considering the balance of salary/dividends for directors of owner managed business, as salaries are deductible in the Corporation Tax Return....."
PDF: Efficient investment report 2011
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Osborne unveils 'tough' Budget but declares Britain 'open for business'
Billed as a 'tough but fair' Budget, Chancellor George Osbourne has announced his plans to tackle the UK's record deficit while sustaining the economy.....
Read the full report by downloading the Report as a PDF - Click here to download.
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