VAT avoidance scheme blocked

VAT avoidance scheme blocked - 1997 - HM Customs and Excise News Release (35/97) 12 December 1997, (2) .

From 1 January 1998, new VAT rules will mean construction businesses will have to account for VAT no later than 18 months after completion of a development.


AVOIDANCE SCHEMES
CONSTRUCTION INDUSTRY
PROPERTY DEVELOPMENT
VAT RULES