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?

by Jenny Stone

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: support@medeconomics.co.uk

Call: 020 8267 8121

Register
for a Free Trial

  • 30 day trial (no access to GP fees database)
  • Expert financial guidance to help your practice.

Register

Subscribe
from £385 /pa

  • Full site access
  • Access to the GP Fees Database (only available with subscription)
  • Subscriber exclusive content
  • Exclusive bulletins

Choose a Package

[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