Beat the VAT rise
Donna Weetman, Maintenance and Development Manager, PAD4U Letting Agents Manchester writes:
The standard rate of VAT will return to 17.5% on 01st January 2010, so make the most of any Building & Maintenance work you require before 31st December 2008.
Where work has been agreed and a deposit is paid before the 01st January, but work does not commence until after 01st January 2009, 15% is chargeable on the deposit and 17.5% for the balance of the work.
For estimates PAD4U have sent recently where the VAT is calculated at 15%, estimates need to be agreed and works scheduled before the 31st December 2008.
Typical savings: 15% 17.5% Saving of
£500 £75 £87.50 £12.50
£1,000 £150 £175 £25
£2,000 £300 £350 £50
£5,000 £750 £875 £125