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QConstruction VAT changes: act now

By: Language: English Series: Chartered Surveyor Weekly ; 25(11) 15 December 1988, 61(1)Publication details: 1988Subject(s): Summary: Discusses the two main changes to the basis on which VAT is charged on construction works and development projects, freehold sales of `new` building will become subject to standard rate VAT and landlords will be given the option to charge VAT on rents which would otherwise be exempt.

Discusses the two main changes to the basis on which VAT is charged on construction works and development projects, freehold sales of `new` building will become subject to standard rate VAT and landlords will be given the option to charge VAT on rents which would otherwise be exempt.