The Listed Property Owners’ Club has successfully reached over 6000 signatures on its petition to reduce VAT to 5% on repairs and alterations for listed buildings. With 98% of listed buildings in the UK owned privately, the campaign is continuing to work towards its goal of 10,000 signatures which will ensure a response from the Government.
In answer to a recent Parliamentary question, Treasury stated that the “EU VAT rules do not allow the introduction of a reduced rate or exemption” while the UK is still in the EU. However, this is contrary to our understanding that a 5% rate can be applied whilst we remain in the EU. The Heritage Alliance fully supports the campaign to reduce VAT on listed buildings and has been working with our Tax Group to help achieve this.
If you have not had chance already click here to sign the petition.
For more information visit the LPCO website: https://www.lpoc.co.uk/
