On 3 September 2012, HMRC released seven VAT Information Sheets and one Business Brief detailing its future policy in respect of “borderline anomalies”, as announced in the March 2012 Budget (see Gabelle’s report here).
Most of these changes take effect from 1 October 2012. To pick out two highlights:
- The zero-rating for alterations to protected buildings has been withdrawn, but there are transitional rules until 30 September 2015.
- There are additional rules before a supply of hot food can be zero-rated, though there is already discussion of challenging some of HMRC’s guidance for these new rules.
Please click the links below to read the documents released by HMRC: