Last September 2018, H M Revenue & Customs (“HMRC”) issued Revenue & Customs Brief 6 – VAT Exemption for all domestic service charges, VAT Information Sheet 07/18 – Applying the correct VAT liability on residential domestic service charges, and an amendment to Section 12 Service charges and residential accommodation of HMRC Notice 742 Land and Property.
Covering Topics
Overview
Basic VAT principles
Resident Management Companies
VAT implications for RMC’s not VATregistered and not holding a freehold or superior interest
Right to Manage Companies
Further information
Resource
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