In this video, Chartered Tax Advisor Joshua Tharby explains how Value Added Tax (VAT) applies to serviced accommodation in the UK. If you own or operate serviced accommodation, understanding VAT is crucial to avoid any potential tax liabilities.
Joshua covers the different VAT schemes available to property owners, including the Standard Rate Scheme, the Flat Rate Scheme, and the Tour Operators Margin Scheme (TOMS). He provides examples of when each scheme may be appropriate and how to determine which scheme would benefit your property the most.
If you're a property owner or operator, this video is a must-watch to ensure you're not overpaying or underpaying your VAT. With Joshua's expertise, you'll gain a better understanding of how VAT applies to your business and the tax implications you need to be aware of.
So, whether you're a new or seasoned property owner, join us and learn how to navigate the complex world of VAT and property tax. Don't miss out on this informative video by Joshua Tharby, the leading Chartered Tax Advisor in the UK!
Keywords: property, tax, VAT, serviced accommodation, UK, Standard Rate Scheme, Flat Rate Scheme, Tour Operators Margin Scheme, TOMS, property tax.
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