TaxAdministrationMPs demand single new building tax rate

MPs demand single new building tax rate

Early Day Motion outlines single VAT rate to apply to new building and refurbishment

Labour backbenchers have ganged up on chancellor Gordon Brown to demand a new
single rate of VAT to apply to new building and refurbishment, which will
replace existing tax incentives to demolish or build on greenfield sites.

A motion signed earlier this week by five MPs led by Blackpool South’s Gordon
Marsden attacked the present 17.5% on conversion and repair work compared with
zero-rated new construction.

The MPs came out against extending zero rating but urged the government to
apply a reduced rate below 10% to all building work, including the conversion,
refurbishment and repair of historic buildings and places of worship.

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter