Difference between revisions of "How do I deal with the VAT on static caravans?"
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== More Information == | == More Information == | ||
| − | When [[Creating a new unit|adding]] a static caravan to | + | When [[Creating a new unit|adding]] a static caravan to unit stock, if it qualifies for V.A.T. on removable contents, on the {{Tab|Unit Properties}} tab, in the {{DataPrompt|R.C. V.A.T?}} field, select {{DataValue|Y}}. Platinum will then calculate the V.A.T. accordingly. |
== See also == | == See also == | ||
Revision as of 16:59, 4 January 2019
Summary
Removable contents, when supplied with or as part of a zero-rated caravan, are standard-rated, unless those contents are of a kind ordinarily incorporated by builders as fixtures in new dwellings. The rules surrounding this area are detailed on the HMRC website, and we would encourage you to read these carefully. Currently, searching for 'Caravans' or '701/20' on the HMRC website will bring up the relevant articles, but make sure that you are always up to date with the latest legislation.
More Information
When adding a static caravan to unit stock, if it qualifies for V.A.T. on removable contents, on the [Unit Properties] tab, in the "R.C. V.A.T?" field, select 'Y'. Platinum will then calculate the V.A.T. accordingly.
See also
