VAT in the construction industry can be incredibly complex. Our VAT team have a great deal of experience in this area and are here to help. Builders are expected to know if their project is 0%, 5%, 20%, exempt or outside the scope. On top of this, you have to deal with partial exemption, an area that many VAT inspectors try to avoid but as a builder, you have a legal obligation to understand. Domestic Reverse Charge VAT also adds further complications.

The earlier you involve us in a project, the less stress you will have.

“We have lost count of the number of projects that have been referred to us where tax efficiencies could have been substantial if we had been involved in the planning stage. Sometimes it only takes a few tweaks to make a 20% project become a zero-rated project, making the building company more competitive when competing for contracts.
It’s just as important on the reclaim side. We have clients who approach us because their VAT reclaim on a construction project is low. We analyse their trading structure, advising on amendments, checking plans and legislation to increase input tax recovery where possible.”

At Bracey’s, we will allocate a dedicated team member to your company for the life of your project. That team member will give you as much time and expertise as the venture warrants, giving you complete assurance that your development matters to them.

If your business is affected by issues surrounding VAT in the construction industry, give us a call and see if we can help your projects.