Liquidated Damages in Construction Contracts Mind the VAT Trap – Lexology (registration)

Liquidated Damages in Construction Contracts Mind the VAT Trap – Lexology (registration)

Liquidated Damages in Construction Contracts Mind the VAT Trap
Lexology (registration)
VAT is payable on the supply of any goods or services that are made by a “taxable person”. A taxable person is a trader that is (or should be) VAT registered. A business is required to be VAT registered if it has a VAT taxable turnover of over £82,000

Liquidated Damages in Construction Contracts Mind the VAT Trap – Lexology (registration)