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Report:

Understanding VAT treatment in service charges

19 April 2016

Are you correctly accounting for the VAT in your service charge reconciliations?

The treatment of VAT within commercial properties can sometimes be complex and cause confusion. This extends to the treatment of service charge expenditure, particularly where properties may be of mixed use. To help clarify the VAT treatment, BDO have created a guide highlighting the principles of VAT in service charge accounting.