Tax Updates: July 2012

The latest technical news, including church VAT bills to be offset by the government, Scotland gets royal assent and leisure lettings to get property relief

£30m package offsets church VAT bill

The government has announced £30m of funding a year for the Listed Places of Worship Grant Scheme (LPWGS) following the introduction of the change to the VAT rate applied to alterations to listed buildings. This follows weeks of protest from church leaders, MPs and community groups critical of plans to impose VAT at 20% on alterations approved for listed buildings from 1 October 2012.

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