Changes to VAT & listed buildings

Changes to VAT & listed buildings

Following a period of consultation, HMRC has announced changes to the proposals affecting the VAT treatment of alterations to certain listed buildings.
 
HMRC had originally announced in the Budget that zero-rating would be removed with effect from 1 October 2012, with the possibility of extending zero-rating to 20 March 2013 in cases where contracts were entered into before 21 March 2012.
 
Under the new changes, although zero-rating will still be withdrawn, the transitional rules are now more generous and where listed building consent was applied for prior to Budget day zero-rating can continue to apply until 30 September 2015.

For further information or advice please contact the Ensors VAT team.
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