RCB/14/14 VAT—withdrawal of concessions for new student accommodation and dining halls – widening of the transitional rules
Revenue & Customs Brief, Issue 14. 7 April 2014
Purpose of this Brief
This Brief announces revised transitional rules following the announcement by HM Revenue and customs (HMRC) that concessions affecting—
— the construction of new student accommodation
— new dining halls and kitchens for students and school pupils
will be withdrawn from 1 April 2015.
Who needs to read this?
This Brief should be read by those engages in the construction or provision of new student accommodation which will be supplied to Higher Education Institutes (HEIs), and of new dining rooms and kitchens constructed at the same time as new residential accommodation for students and school pupils.
The construction of a building intended for use solely for a relevant residential purpose, and the first grant of a major interest in such a building by the person constructing it, are zero-rated.
As one of the conditions for zero-rating the user of the building must, before the supply is made, provide a