VAT Update – Listed Buildings
Thanks to LPOC
The Finance Bill 2012 was approved by MP’s last Tuesday and VAT on approved alterations will now be removed from the 1st October this year, however there were three major alterations as a result of our efforts together with those of other organisations; i.e.:
1. Providing owners had applied for Listed Building Consent before 21st March this year zero rating will still apply for approved alterations (originally work had to have been started or a written contract in place before 21st March)
2. Owners now have until 1st October 2015 to complete the work instead of 1st October this year.
3. The government have increased their grant scheme for repairs and alterations to places of worship by £30m stating it will provide 100% compensation to listed places of worship.
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