The UK is to be given the option to charge VAT on home maintenance and repairs at a reduced rate of 5%, after a ruling by European Union finance chiefs. The ruling paves the way for the UK government to ease the tax burden on a construction industry badly hit by the recession \u2013 allowing architects, builders and surveyors to carry out private refurbishments for a cheaper rate. Yesterday’s decision by the EU Economic and Financial Affairs Council to allow member states to lower VAT on renovation and repair of private dwellings from 17.5% to 5% comes after months of campaigning by trade bodies and MPs.<\/p>\n
http:\/\/www.building.co.uk\/story.aspstorycode=3135832&origin=<\/a> http:\/\/www.eu2009.cz\/en\/news-and-documents\/news\/third-ecofin-<\/a> The UK is to be given the option to charge VAT on home maintenance and repairs at a reduced rate of 5%, after a ruling by European Union finance chiefs. The ruling paves the way for the UK government to … Continue reading
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