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2/3 Vat Rule

ALTESSE12 · 2016-08-16 10:29:50

Hi all, I am in the process of getting tender prices back for a new build. Its a 3000 sq foot house. The architects spec is quite high and therefore the cost of materials is high. My question is: Do the building contractors have to bump up the the cost of labour to over 1/3 of the extremely high materials cost to avoid the…

16-08-2016 10:29am

#1

ALTESSE12

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Join Date: January 2010

Posts: 39

Hi all,
I am in the process of getting tender prices back for a new build. Its a 3000 sq foot house. The architects spec is quite high and therefore the cost of materials is high.

My question is: Do the building contractors have to bump up the the cost of labour to over 1/3 of the extremely high materials cost to avoid the VAT 2/3rds rule?

Ie if my windows are costing 60k for supply the labour on the total build will need to be bumped somewhere by 20k.

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Comments

#2 16-08-2016 4:58pm

Calahonda52

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It's not done on an item by item basis in construction projects so its a non problem in an ordinary house where the builder buys and fits the stuff

“I can’t pay my staff or mortgage with instagram likes”.

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