Charities praise change on building VAT

Charities have praised HM Revenue & Customs for cancelling a proposed rule change that would see them pay VAT on big building projects.

A new interpretation of VAT rules would have seen charities liable for significant extra costs in many building schemes.

HMRC wanted to change the rules for Design and Build contracts, which would mean charities having to pay VAT on fees for architects and other design professionals even where they formed part of a wider ‘composite’ supply of services in the course of construction on which VAT would not normally be paid.

See link for further information - and if you would like any further advice on this, or any subject pertinet to Charities or Academy status schools please contact me on 0845 27 66 555 or email me at emma.murray@nicholsonsca.co.uk

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