Hi All,
I'm new to boiler and heating installation business and having a hard with dealing with the VAT. I hope someone help me interpret and enlighten me about VAT Notice 708/6: energy-saving materials.
As per VAT Notice 708/6, I can charge a reduced rate VAT of 5% for the installation of energy saving materials. Does this include the whole cost of the job, labour and materials? When I asked an advice from an accountant, he told me that essentially, I can use the reduced rate (5%) for the labour for installing the energy saving controls. Does this mean I have to raise 2 invoices separating the 5% for labor and 20% for the materials cost? Because the way I interpret the rules, I can only charge 5% VAT to the job if it qualifies for the reduced rate and 20% for the whole job if it's not.
Thanks in advance.
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