VAT loophole closed
Language: English Series: Daily Telegraph ; 26/6/89 p29 Times 27/6/89 p27 (2)Publication details: 1989Subject(s): Summary: The Government has closed a loophole in the Finance Bill whereby certain organisations such as charities , financial institutions and private hospitals could avoid paying VAT on new development . The City has protested, claiming that such a move could lead to the cancellation of many redevelopment projects, damaging the building industry, and the departure of foreign companies from Britain.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2525-34 (Browse shelf(Opens below)) | 1 | Available | 67065-1001 |
Browsing London shelves, Shelving location: News article Close shelf browser (Hides shelf browser)
The Government has closed a loophole in the Finance Bill whereby certain organisations such as charities , financial institutions and private hospitals could avoid paying VAT on new development . The City has protested, claiming that such a move could lead to the cancellation of many redevelopment projects, damaging the building industry, and the departure of foreign companies from Britain.