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 purposeRevenue & Customs Brief, Issue 33. 29 July 2010In 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
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
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.