Hello
I'm starting a small subcontracting business in construction. At the moment we have LTD. company that receives money and then pays to our self-employed bricklayers. We do direct work for main brickwork contractor on site. Most of our work is done for residential developers - new homes.
We earn extra money on difference between rates paid by main contractor to us, and what we pay to our bricklayers.
Questions:
As we build new homes are we qualify for zero-rate VAT?
We will need register for VAT very soon. I am afraid we will lose business to other self-employed bricklayers that do not need to charge VAT and we do not have where to offset this VAT.
Do you have any ideas how to make it work?
Thank you for help
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