VAT on Listed Buildings will change this year
From October this year the Treasury will charge VAT at 20% on approved alterations to listed buildings – work which is currently exempt from the tax.
The Treasury insists it is fixing an anomaly which allowed millionaires to install swimming pools in listed buildings VAT-free, but there is also an anxiety about the consequences for churches and other organisations.
If you haven’t seen the details they are available in the consultation document on ‘addressing borderline anomalies’ in the VAT system:http://www.hmrc.gov.uk/budget2012/vat-con-4801.pdf, and also in the Budget’s policy costing document (pages 37-38): http://cdn.hm-treasury.gov.uk/budget2012_policy_costings.pdf.
If you agree that the VAT law should remain unchanged, then please take a look at the e-petition at http://epetitions.direct.gov.uk/petitions/32056 and register your view. Additionally can may also want to ask your friends and neighbours to register as well.
You can also write to your MP objecting to the change. If you are unsure of your MP’s name it is published on http://findyourmp.parliament.uk/ you can also find a draft of a suitable letter here: http://www.cutthevat.co.uk/cut-the-vat/listed-buildings/
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