Commentary

RCB/74/07 VAT—reduced rate on residential renovations and alterations

Part V16 Forms and other HMRC material

RCB/74/07 VAT—reduced rate on residential renovations and alterations

RCB/74/07 VAT—reduced rate on residential renovations and alterations

Revenue & Customs Brief, Issue 74. 14 December 2007

With effect from 1 January 2008, renovations and alterations to residential properties that have been empty for at least two years will be eligible for a reduced VAT rate of 5 per cent.

This is a change to the current law, which provides for a 5 per cent reduced VAT rate on works of renovation and alteration to residential properties that have been empty for at least three years.

Contractors who are renovating residential properties that have been empty for at least two years as at

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