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if the mooring charge is for a qualifying ship the supply may be zero-rated, see Ships, aircraft and associated services (VAT Notice 744C)
residential property is exempt, unless it is the first supply of a major interest in which case it will be zero-rated The Highways Agency will arrange for the works to be carried out. Under section 278 of the Highways Act 1980, the Highways Agency may then recover from you, the developer, the costs incurred by the Highways Agency on certain road improvements. These costs will normally include irrecoverable VAT that has been charged to the Highways Agency by a contractor. As there is no supply between the Highways Agency and yourself, but merely a reimbursement by you of VAT inclusive costs, you are not entitled to recover the VAT element as your input tax. 8.5.2 Works carried out by the developer You may be required to pay sums of money, or sums of money in addition to buildings or works, to a local authority or a third party under section 106 of the Town and Country Planning Act 1990 and other similar agreements. You may, for example, pay money towards the future maintenance of a building or land, or as a contribution towards improvement of the infrastructure. Such sums are not consideration for taxable supplies to you by the local authority or by the third party. 9. Mortgages 9.1 The basic position
If you make taxable supplies (standard-rated, reduced-rated or zero-rated), you have to account to HMRC for the VAT due. This is your output tax. The supply by the factor of his own services to a residential occupant in Scotland for fulfilling their contractual obligations is a separate taxable supply. 13. Commonhold and leasehold reform 13.1 The Commonhold and Leasehold Reform Act 2002 If you are a landlord and provide services to a freehold owner of residential accommodation, your supply is taxable at the standard rate of VAT because there is no actual supply of residential accommodation being made to the freehold owner.
The VAT treatment of the letting of parking facilities to owners of dwellings will depend on the arrangements. But the following general principles apply: But, even if your activities have some or all the characteristics of a business, they are not business if they’re essentially a recreation or hobby and the making of taxable supplies is only incidental to this. 4.6.3 Non-business If you sell sporting rights as part of the freehold sale of the land over which those rights may be exercised, your supply will be exempt unless you have opted to tax. If the land or buildings are capital items for the purposes of the Capital Goods Scheme you may need to make a final adjustment under the scheme. Further information can be found in Capital Goods Scheme (VAT Notice 706/2). A building is new for 3 years from the date that it’s completed. The date of completion is the date the certificate of practical completion is issued, or the date the building is fully occupied, whichever happens first. All freehold sales that take place within the 3-year period are standard-rated. But leasehold sales are exempt (subject to the option to tax, see Opting to tax land and buildings (VAT Notice 742A). 3.3 Freehold sales of new or part completed civil engineering workson an estate shared by leaseholders and freeholders, you can apply an extra-statutory concession to treat these supplies to freehold owners as being exempt from VAT - see paragraph 3.18 of VAT Notice 48: Extra Statutory Concessions. These items are exempt from VAT so are not taxable. You do not include sales of exempt goods or services in your taxable turnover for VAT purposes. And if you buy exempt items, there is no VAT to reclaim. But if the syndicate is regularly paid to provide shooting facilities to individuals who are not members, or it makes taxable supplies of other goods or services, then it’s in business. The syndicate must, if VAT registrable, account for VAT on all its supplies including those to its members. 6.3.3 Landowners as syndicate members
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