The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides details of the listed schemes which need to be disclosed to HMRC. This note should be read in conjunction with the Anti-avoidance - introduction, Anti-avoidance - hallmark schemes and Anti-avoidance - analysis of relevant case law guidance notes.
This section provides an overview of the current listed schemes. Please note that HMRC can amend this list if required to include additional schemes.
This scheme is intended to reduce the amount of irrecoverable VAT incurred in relation to enlarging, extending, repairing, refurbishing and servicing buildings that are zero-rated when they are sold by a developer.
The scheme has the following features:
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