Hennessey Venom GT. The Hennessey Venom GT has only 29 cars in the world, making it not only the fastest hypercar in the world, but also the most exclusive. It has the incredible maximum speed of 290 mph and an amazing accelerated speed from 0 to 200.
Commercial property and VAT. Commercial property is normally exempt from VAT (although freehold sales of new commercial buildings do attract VAT). So, for example, a landlord will not charge VAT on the rent â but nor will the landlord be able to recover any VAT paid out on expenses.f you own a commercial property, you are liable for the business rates. If you rent a business property, the terms of your lease or rental agreement should make it clear whether you or your landlord is responsible for paying the business rates. Complications may arise if you use part of your home for business.
Generally VAT is charged at the standard rate-currently 20% - on all repair, renovation and maintenance work whatever the status of the building concerned, although a reduced rate of 5% is charged on the conversion or renovation of some types of residential building. 3 The implications of EU VAT law A third objection to cutting the rate of VAT on church repairs is that would be contrary to European VAT law. Any question of VAT liability has a European dimension, as VAT law in this country, as in all other Member States, is based on European VAT law.