Manchester Property News
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
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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