VAT
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Adam Walker
The unfairness of VAT and how I’d fix it
We all dutifully (pun intended) pay it, but how often do we question it? Adam Walker thinks the VAT rulebook should be rewritten.
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Latest property news
Chancellor proposes slashing VAT rates as 2024 election looms
Any reduction in the duty would be welcomed by estate agents, whose 'inclusive of VAT' charges would look more attractive to prospective clients.
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Latest property news
Propertymark declines to reveal how much its ‘misdefinition’ VAT cheque cost
Propertymark says its finances are now on a 'sure footing' and that the VAT declaration to HMRC was entirely voluntary.
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Latest property news
The Homeowners Alliance now blames builders for the state of peoples’ homes!
The Homeowners Alliance frequently castigates estate agents for their repeated failures to please homeowners and movers… now it’s all the builders’ fault! Which makes a change, at least. Homeowners, according to the new research, do not make improvements to their homes because of the costs; because of having to pay VAT and because good builders are hard to find… and when they do find one, homeowners then break the law by paying in cash. Almost half of homeowners (42%) hit a brick wall finding a builder (pardon the pun). A third (31%) pay cash to avoid VAT to afford home improvements (criminal). 8 in 10 (79%) homeowners have faced obstacles with their home improvement plans – levels highest in London at 87% Difficulty finding a reliable builder is top obstacle – approximately 7.2 million homeowners (42%) affected VAT costs are deterring almost a quarter (23%) – roughly 4 million homeowners – a much bigger issue than Brexit (15%) A third (31%) – approximately 5.3 million homeowners confess to paying cash to avoid VAT costs on home improvements ‘SHOCKING’ DELAYS The Homeowners Alliance also says that Planners are to blame. “… planning permission is stopping or delaying 27% of homeowners from…
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Guest Blogs
Taxing times
"Tax is no longer optional. I never thought I’d write an article on this subject, but I am going to talk about why you need to pay your tax.”
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