Revenue and Customs Brief 13/2016: VAT treatment of a dwelling formed from more than one building, announces a change in HMRC policy on the eligibility for the zero rate, or the reduced rate, of new buildings constructed, or non-residential buildings converted, to form dwellings.
With effect from 23 August 2016, HMRC will accept that the construction of single dwellings formed from more than one building are eligible for zero-rating, where certain conditions are met. Work to convert such buildings into a single dwelling will also qualify for the 5% reduced rate. This follows two decisions of the First-tier tribunal, released in 2012.
Revenue and Customs Brief 13/2016: VAT treatment of a dwelling formed from more than one building, announces a change in HMRC policy on the eligibility for the zero rate, or the reduced rate, of new buildings constructed, or non-residential buildings converted, to form dwellings.
With effect from 23 August 2016, HMRC will accept that the construction of single dwellings formed from more than one building are eligible for zero-rating, where certain conditions are met. Work to convert such buildings into a single dwelling will also qualify for the 5% reduced rate. This follows two decisions of the First-tier tribunal, released in 2012.
