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VAT on new construction

Language: English Series: HM Customs and Excise News Release ; no 12/89 10 March 1989 1 pagePublication details: 1989Subject(s): Summary: The Customs and Excise Commissioners have announced a change to the draft legislation published on 6 February. This change will give effect to the original intention of the draft legislation as regards liability to VAT of sales of some new buildings which cease to be zero-rated from 1 April.

The Customs and Excise Commissioners have announced a change to the draft legislation published on 6 February. This change will give effect to the original intention of the draft legislation as regards liability to VAT of sales of some new buildings which cease to be zero-rated from 1 April.