Construction projects and property transactions not only involve the biggest sums of money ever incurred by a business or an individual but can also give rise to a substantial VAT liability. The size of the numbers involved is sufficient on its own to make VAT a significant risk.

The law relating to land, buildings and property is the most complex part of the VAT system, subject to constant changes in interpretation and continuing uncertainty in application. Expert knowledge is required about the application and interaction of numerous rules, HM Revenue & Customs policy and guidance and the decisions of the Tax Tribunals, UK Courts and the European Court of Justice. It is as easy to make an error as it is expensive.

We can provide advice on any VAT issue to suppliers, customers or anyone else involved in a construction project or property transaction to ensure that VAT is neither an unexpected liability nor an unnecessary cost.