Insights

Industry comment, updates and news from the Websters team.

Incorrect VAT Costs Barrister Landlord a Bundle

Thursday, November 28th, 2013 in Commercial, Landlord, Managing Agent, News, Residential, Service Charge

A landlord often supplies services, other than rent, such as insurance, water and electricity. Some services may not be standard-rated as a stand-alone supply and Pearson has reported that barristers, who were tenants at the Middle temple, found that problems arose when their landlord supplied a ‘mixture’ of services. VAT law has a preference for treating ‘bundles’ of supplies as a single supply where splitting them would be regarded as ‘artificial’. When a mixed supply is deemed to be a single supply, the predominant supply will determine the VAT rate charged.

Read the full article here

InLine system.

Get InLine.

Discover the benefits of our market leading Service Charge Management System.

About InLine