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Thread: 5% Vat ?????
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20-05-2005, 09:59 PM #1
5% Vat ?????
Does anybody know more about the reduced rate of VAT on domestic heat pumps?
From what i gather "Mr Hot Bedroom" now pays £100 + £5 VAT, insted of the more normal £100 + £17.50 VAT.
Can anybody elaborate?
Cheers
eggs
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21-05-2005, 10:48 AM #2
Re: 5% Vat ?????
Have a look at this Eggs
http://customs.hmrc.gov.uk/channelsP...yType=document
Basically, if you install direct for the homeowner then you charge the reduced rate. If you install in a dwelling or certain charitable establishments for a builder then you charge the builder 17.5% and he charges the homeowner 5%.
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21-05-2005, 06:54 PM #3
Re: 5% Vat ?????
Thanks Frank.
Eggs