Tagged Articles
VAT on cost-sharing groups abolished
The government is to abolish VAT on charities' shared back-office services, in a move which could significantly cut housing associations' costs read more
Forthcoming consultation could offer substantial VAT savings on shared services
HMRC set to consult on implementation of EU cost-sharing exemption directive; sector must lobby strongly for favourable outcome read more
January's VAT rate change: How to implement it, and what to watch out for
The standard rate of VAT is due to return to 17.5 per cent on 1 January 2010, and may rise further as the government considers how to reduce the budget deficit read more
Changes to partial exemption VAT recovery take pain out of accountants' calculations
Most housing associations have both VAT-able and exempt income; this is known in VAT terms as being 'partially exempt' read more
VAT update: amendment to design & build liability, and temporary staff costs charges
Proposed amendment to rules on construction VAT could add to development costs; and many landlords may have over-paid on temporary staff costs read more
Sector warned that coalition's VAT rise 'could eat up half our annual surplus'
Tax increase may add £277m to new repairs & maintenance contracts alone read more
Complexities of defining 'golden brick' stage of development must not scupper schemes
Every house developer and member of a housing association development team will have heard of the term 'golden brick' in the context of removing the VAT cost on land. However ... read more
Byker hit by hostel VAT wrangle
A small housing association is facing a serious threat to its financial viability after tax inspectors decided its new homeless hostel counted as hotel accommodation and was ... read more
2011 VAT increase: How to implement it, and how to minimise impact on budgets
Forthcoming 2.5 per cent increase and potential for further rises place extra pressure on landlords' already-stretched business plans read more
Associations' failure to focus on VAT means liability issues may be lurking in the books
A wide-ranging survey of RSLs' VAT policies suggests that most social landlords would benefit from paying a greater degree of attention to their tax position read more
Byker Bridge wins hostel VAT appeal
HM Revenue & Customs has backed down over an attempt to charge VAT on the construction of a homeless hostel, after months of delay read more
VAT issues include headline reduction, 'golden brick' stage and changes of tenure
Current property market difficulties present both risks and opportunities for housing associations' finances in terms of tax incurral read more
