Sector summary ― construction

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

Introduction to the sector

Construction is a very diverse industry that encompasses a range of activities related to the construction of infrastructure and buildings, as well as the maintenance, operation and disposal of these. The sector can broadly be split between residential buildings, commercial buildings and specialised construction. This guidance note covers the key areas of consideration within VAT and indirect taxes for the construction sector. This guidance note will provide a starting point for advisers preparing for a meeting with a client in the construction sector, as well as in-house VAT teams.

Overview of key points

This section provides an overview of key points to be aware of in relation to the construction of new buildings and civil engineering works, and the conversion, extension, improvement, refurbishment and repair of existing buildings. The second section provides an overview of common categories of work to which the zero rate applies to. The third section provides an overview of common

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

TAKE A FREE TRIAL

Popular Articles

Employment Tax

Loans provided to employees

Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel

14 Jul 2020 12:11 | Produced by Tolley Read more

Owner-Managed Businesses

Special rate pool and long life assets

Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool

14 Jul 2020 13:41 | Produced by Tolley Read more

Value Added Tax

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more

��Ӱ��