VAT Claim -Bit Confused

[Dalvosaber]

Do I need to pay VAT on a cinema company being contracted to buy/install a cinema for me?

[hornydragon]

ER you have to pay VAT on everything (except for certain goods zero rated and services), If you were building a cinema to be a commercial venture you could claim it back as a VAT registered business but other than that yes even under the new build homes or complete refrub rules cinemas arent classed as esseintial and you cant claim the VAT back.

[vex]

HD Beat me to it, while I was thinking about my wording.



Legally Yes

Unless you are doing a complete new house build then the rules on new build vat reclaims do get a lot more complicated and you should take proper tax advise.

HTH

V.

[Dalvosaber]

Thats fine, but what happens if you are selling all the parts with the house?

We have a fixed screen with a fixed rack....

[vex]

It is not what is built it, it is what is classed by the tax man as a luxury.

Interesting Computer networking is 0 rated on new builds, when music is not.