Premises and VAT

We are two independent partnerships co-owning practice premises. We have a budget of £860,000 to modify and extend the premises. As we are not registered for VAT, a large lump sum will go to HM Revenue & Customs. Is there any way we can minimise the VAT we have to pay? We do not exceed the registration threshold but I understand we still have the option to register. I wonder if it would be worth it to be able to claim back the VAT on the building/project costs. What do you think?

YOU NEED TO SUBSCRIBE TO VIEW THIS ARTICLE

Already subscribed? Log in here

Subscribe to Medeconomics

Please enter your details

Forgotten Password?

Forgotten password?

Having trouble signing in?

Contact our online support team at support@medeconomics.co.uk

[DAYS_LEFT] days left of your Medeconomics free trial

Subscribe now

Your free trial has expired

Subscribe now to access Medeconomics

"I did not have to think twice about subscribing to Medeconomics... I find this website the only place I can find an up to date and accurate database of fees"

Pratice Manager, Canterbury