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VAT change imperils development

VAT change imperils development - 1999 - Estates Gazette (9904) 30 January 1999, 46(1) .

New proposals to change VAT could force developers to put major projects on hold. HM Customs & Excise proposes that if a scheme is structured to avoid tax it will be treated as if it were a `normal`, less tax-effective, transaction. The new rule would affect anyone buying construction services.

Subjects--Topical Terms:
CONSTRUCTION SERVICES
DEVELOPERS
PROPERTY DEVELOPERS
VALUE ADDED TAX

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