Plan to cut church VAT blocked
Plan to cut church VAT blocked
- 2000
- Times 23 December 2000, 1,4(2) .
The Chancellor's announcement, in his November 2000 Pre-Budget Report, of his intention to cut VAT on repairs to historic buildings from 17.5% to 5%, is likely to be thwarted by Brussels. Suggests the Chancellor was aware of the European directive preventing such an exemption before he made this announcement. Describes the predicament of many UK churches, which are hard up and in urgent need of repairs.
CHURCHES
HISTORIC BUILDINGS
REPAIRS
TAXATION
VALUE ADDED TAX
BRUSSELS
DIRECTIVE
The Chancellor's announcement, in his November 2000 Pre-Budget Report, of his intention to cut VAT on repairs to historic buildings from 17.5% to 5%, is likely to be thwarted by Brussels. Suggests the Chancellor was aware of the European directive preventing such an exemption before he made this announcement. Describes the predicament of many UK churches, which are hard up and in urgent need of repairs.
CHURCHES
HISTORIC BUILDINGS
REPAIRS
TAXATION
VALUE ADDED TAX
BRUSSELS
DIRECTIVE