VAT changes for listed buildings
A new way that VAT is charged on renovation projects of listed buildings is under fire by Labour politicians and by members of The Church. Approved alterations to listed buildings will now be liable to 20% VAT.
Labour attacks new VAT on listed buildings
Plans made in the Budget for changes in the way VAT is charged on the renovation of listed buildings has come under fire.
The Government says that charging 20% VAT on renovation works simply removes an anomaly that used to cause confusion over the difference between 'renovation' and 'improvement.'
But Labour says it's creating another needless cost.
Deputy Labour leader Harriet Harman says it is going to cost churches and other heritage sites thousands of extra pounds a year.
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