The zero rate of VAT on approved alterations to listed buildings will now be removed from 1 October this year following an amendment to the Finance Bill 2012 that was approved by MPs on 3 July.
The Federation of Master Builders (FMB) also writes:
We should not forget that the Government did make two significant concessions,
– The Listed Places of Worship Grant Scheme was extended to cover repairs and alterations and increased by £30m, which the Government says will provide 100% compensation to listed places of worship.
– There have been significant improvements in the transitional arrangements designed to protect projects already underway. Where owners have applied for Listed Building Consent before 21 March 2012, the zero rate will apply until 1 October 2015.
For the progress of the Finance Bill see: LINK
On the Bill’s last stages see: LINK
