CAPITAL ITEMS ADJUSTMENT SCHEME - UK VAT
Organisations often undertake large capital projects for which zero rating is not applicable. In such cases the Capital Items Adjustment Scheme would cover the project. We would review the use of the building in which the project takes place to access the VAT recovery and negotiate with H M Customs & Excise to ensure any claim is legitimately approved. Such a review will also require ongoing contact to keep the organisation up to date, as annual adjustments to the recovery are required for up to ten years.
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