Listed buildings VAT Budget surprise
The removal of the zero rate for alterations to listed buildings was one of the few aspects of the Budget that hadn't been trailed in the press. While repairs on listed buildings have always been subject to full rate VAT, when the extent of the repair was so great, providing it been granted listed building consent and was neither deemed a repair or maintenance, previously it could be argued it qualified for zero-rate VAT.The move to make alterations become taxable at the standard rate was Read more [...]