{"id":19270,"date":"2018-06-12T17:32:29","date_gmt":"2018-06-12T16:32:29","guid":{"rendered":"https:\/\/ihbconline.co.uk\/newsachive\/?p=19270"},"modified":"2018-06-21T15:12:48","modified_gmt":"2018-06-21T14:12:48","slug":"tha-responds-to-treasury-committee-vat-inquiry-suggesting-mitigation-measures","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=19270","title":{"rendered":"THA &#038; members\u2019 response to VAT policy enquiry: Highlighting \u2018\u2026current VAT regime [as] one of the biggest threats to the future of our built heritage\u2019"},"content":{"rendered":"<h3><a href=\"https:\/\/newsblogs.ihbc.org.uk\/wp-content\/uploads\/2018\/04\/THA_logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-18741\" src=\"https:\/\/newsblogs.ihbc.org.uk\/wp-content\/uploads\/2018\/04\/THA_logo.png\" alt=\"logo\" width=\"360\" height=\"180\" \/><\/a>Informed by members, including the IHBC, The Heritage Alliance (THA) has responded to the Treasury Committee\u2019s VAT inquiry setting out concerns over the impact of VAT policy on the UK\u2019s built heritage and suggesting how this could be mitigated.<\/h3>\n<p><!--more--><\/p>\n<p>THA writes:<\/p>\n<p>The Alliance has, among other things, previously responded to the Office of Tax Simplification\u2019s call for evidence on this issue and has responded to the EU\u2019s consultation on VAT simplification<\/p>\n<p>The current VAT regime is one of the biggest threats to the future of our built heritage and the industries that it supports such as tourism. Repair and maintenance is vital, yet the current system inadvertently incentivises the demolition of historic buildings which require significant\u00a0maintenance work due to the 20% VAT tax burden compared to new construction which largely has a 0% VAT rating. The Heritage Alliance is a long-term proponent of VAT changes to benefit the UK\u2019s heritage &#8211; we would welcome the opportunity to provide any further evidence the\u00a0committee required.<\/p>\n<p>Download the <a href=\"http:\/\/www.theheritagealliance.org.uk\/tha-website\/wp-content\/uploads\/2018\/05\/VAT-inquiry.pdf\" target=\"_blank\" rel=\"noopener\">Response<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Informed by members, including the IHBC, The Heritage Alliance (THA) has responded to the Treasury Committee\u2019s VAT inquiry setting out concerns over the impact of VAT policy on the UK\u2019s built heritage and suggesting how this could be mitigated.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-19270","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/19270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19270"}],"version-history":[{"count":2,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/19270\/revisions"}],"predecessor-version":[{"id":19339,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/19270\/revisions\/19339"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}