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Inside a taxpayer's conscience VAT consultations

By: Language: English Series: Estates Gazette ; (1106) 12 February 2011, 100 (1)Publication details: 2011Subject(s): Summary: Considers the import of two HM Revenue and Customs (HMRC) consultations published in December 2010 with a view to introducing the proposals on 1 March 2011. Changes to the commercial property VAT rule would allow option to tax to be effectual. Although the landlord and tenant are associated the tenant will be unable to claim at least 80% of VAT on rents or premiums. Changes are proposed on charities whose buildings are purchased VAT free.
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Journal article London Journal article L152427 (Browse shelf(Opens below)) 1 Available 152427-1001

Considers the import of two HM Revenue and Customs (HMRC) consultations published in December 2010 with a view to introducing the proposals on 1 March 2011. Changes to the commercial property VAT rule would allow option to tax to be effectual. Although the landlord and tenant are associated the tenant will be unable to claim at least 80% of VAT on rents or premiums. Changes are proposed on charities whose buildings are purchased VAT free.