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Is this really true? I observe much more DIY in countries with high VAT's, because your own labor does not have VAT. If I work on my car, and you work on your
by plantain 2y ago
Is this really true? I observe much more DIY in countries with high VAT's, because your own labor does not have VAT.
If I work on my car, and you work on your house, we are both financially ahead than if you had worked on my car, and I had worked on your house.
- lb1lf 2y agoThe taxman thought of that - at least in some jurisdictions. In my native Norway, if you are a professional and do work benefitting yourself, you are supposed to pay VAT on the value of the job you did, even if it was done after hours.
- upcoming-sesame 2y agoThat sounds crazy
- alexanderchr 2y agoMakes me wonder if those also applies to professional chefs and cleaners. And do daycare staff need to declare time spent taking care of their own children?
- Epa095 2y agoNo, it's only for stuff which needs 'special competency'. E.g if you are a plumber then changing gaskets are Ok (because that's something 'anyone' can do), but not bigger stuff.
- Epa095 2y agoKind of but not really completely correct. It's not for professionals in general, but for self-employed professionals. And 'only' for the work which needs special competency. E.g is changing gaskets as a plumber ok, but more serious work triggers VAT. But yeah, pretty lame rule, and I doubt many actually follows it. I think it's primarily meant for people doing house flipping.