Commentary

RCB/33/10 VAT—changes to the exclusion of the option to tax on supplies of buildings to be used solely for a relevant residential or relevant charitable purpose

Part V16 Forms and other HMRC material

RCB/33/10 VAT—changes to the exclusion of the option to tax on supplies of buildings to be used solely for a relevant residential or relevant charitable purpose

RCB/33/10 VAT—changes to the exclusion of the option to tax on supplies of buildings to be used solely for a relevant residential or relevant charitable purpose

Revenue & Customs Brief, Issue 33. 29 July 2010

In Revenue & Customs Brief 39/09 (RCB/39/09, Division V16.3), HM Revenue & Customs (HMRC) announced changes to the application of the zero rate to new buildings and that, following a review, the phrase “solely for a relevant residential or relevant charitable purpose” could incorporate a de minimis margin.

In order to avoid unnecessary disputes in marginal cases, HMRC accept that this statutory condition is satisfied for new

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