We're working with our tax advisors Deloitte to keep housing associations informed on key tax issues impacting the sector.
The nature and activities of housing associations can be particularly complex from a tax perspective. Housing associations can benefit from the advice and guidance we issue on corporate tax, employment taxes (including Construction Industry Scheme), VAT and Stamp Duty Land Tax.
Deloitte were reappointed as the National Housing Federation’s tax advisors in 2017 and have continued to advise us on key tax issues impacting the sector, including the impact of new legislation, case law and HM Revenue & Customs (HMRC) policy.
Deloitte also provide quarterly updates on the latest key tax issues and these are published in our Finance Newsletter – sign up here.
If you have any tax issues which you would like to discuss with Deloitte, please contact:
From April 2019, VAT-registered housing associations are required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns. HMRC is running seminars for housing associations to help guide you through the process.
Housing associations with a high number of unsold shared ownership and market sale properties might consider changing their tenure to rental properties. There are wide-ranging tax issues that would need to be reviewed.
The VAT Cost Sharing Exemption is to continue to apply for housing associations. This is important for the sector and will continue to benefit National Housing Federation members.
HMRC published a briefing in 2018 on the VAT exemption provided under the service charges concession rule change. Exemptions could now apply under different provisions for those providers who are no longer VAT exempt.