New VAT Rules

New VAT rules on things ranging from listed buildings, hairdresser chair rental, hot food, storage facilities and caravans came into force at from 01 October 2012.

The new rules which are designed to address anomalies and which also include sports nutrition drinks are summarised in Revenue & Customs Brief 27/12.

Two of the most significant changes, are the withdrawal of zero-rating for alterations to protected buildings  and the additional rules before a supply of hot food can be zero-rated for VAT.

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