Q- My client is the director of an interior design company. The company rents a small unit for storing stock, but this space is not really suitable for use as an office. She is exploring the possibility of having a home-office erected in her garden. Could you please advise on the VAT recoverability of such a project?
A- Variations on this question are posed to the VAT Advice Line on a regular basis and although each case must be judged on its own merits, there are a number of common principles, which give an indication regarding VAT recovery.
Section 24(1) VAT Act 1994 defines input tax as VAT on the supply to a taxable person of: Read More