Can someone please inform me VTA charges on renovation work. I have been told it is normally 20% but 10% VTA on other goods. and sometimes lower charges.
TVA at 10 % is for a renovation work (no new room or swimming pool) in a property older than 2 years. Your contractor will ask you to fill a form to certify that as well as other elements like the fact that your renovation does not impact more than 5 elements (floor, walls, etc.).
Some goods are taxed at 10 % when purchased (by the contractor, not yourself. This VAT reduction is aimed at combatting "black work") for renovation.
- windows and doors
- Heating and AC
- Sanitary wares
-Security & safety installations (smoke detectors, alarms, etc).
Some renovation work for energy saving purpose are TVA taxed at a lower level : 5.5 %
Hope it will help.