Reduced rate VAT on renovation via Ltd?
I know a handful. Oddly enough their turnover is just below the VAT threshold every year.
They do materials as disbursements (not that they know that’s what it’s called) so their business is time only.
Edit: basically they’ll lose business if they have to charge 20% more than the local competition. I do know a builder who is both self employed (for non VAT jobs) and runs a LTD.
Originally posted by TheCyclingProgrammer
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They do materials as disbursements (not that they know that’s what it’s called) so their business is time only.
Edit: basically they’ll lose business if they have to charge 20% more than the local competition. I do know a builder who is both self employed (for non VAT jobs) and runs a LTD.
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