Commentary

RCB/39/09 VAT—changes to the application of the zero-rate to new buildings used for a relevant charitable or residential use

Part V16 Forms and other HMRC material

RCB/39/09 VAT—changes to the application of the zero-rate to new buildings used for a relevant charitable or residential use

RCB/39/09 VAT—changes to the application of the zero-rate to new buildings used for a relevant charitable or residential use

Revenue & Customs Brief, Issue 39. 1 July 2009

This Brief announces a change in HM Revenue & Customs (HMRC) interpretation of the of the legal provisions that apply the zero rate to new buildings used for a relevant charitable purpose, and the withdrawal of Extra Statutory Concession (ESC) 3.29 and two related concessions. VAT Information Sheet 8/09 (V16.949, Division V16.5) provides further detail.

Background

A building intended to be used solely for a relevant charitable purpose (non-business use) can be zero-rated if the charity provides their developer with an

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial