VAT’s it all about?

To say that property is one of the more complicated areas of VAT is an understatement. What supplies are zero-rated? What’s exempt? When does the 5% rate apply? What VAT can I recover?

One area in which we’ve found that there is particular confusion is where conversion work is undertaken: a measure of how wrong you can get it is the fact that in VAT reviews we have recently undertaken for a number of property developers we have uncovered additional VAT refunds in excess of £300,000!

At this difficult time, no-one can afford to pay more VAT than is absolutely necessary and every penny counts.  For details of our VAT review service for property developers and investors, and of our other services to the property industry, please get in touch with your usual contact partner at BKL.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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