IHBC’s HESPR ‘Special Interest Sector News’ pick of the week: Government rules out VAT reduction on domestic work, from Building

logoThe IHBC’s heritage business register HESPR – our Historic Environment Service Providers Recognition quality assurance scheme for heritage services working to the IHBC’s standards – emails members weekly ‘News and Tender Alerts, including notices gleaned from across the development sector’s publications, which this week features Building’s report on the Government’s ruling out of VAT reduction on domestic work.

Jordan Marshall writes in Building:

Government rules out VAT reduction on domestic work… Financial secretary says move would cost Treasury £6bn a year.

The government has turned down calls to reduce the amount of VAT on residential extensions and alterations.

In a written answer, financial secretary Jesse Norman said it would not be introducing a tax break to support the construction sector.

View the article

For more on HESPR and how to become a HESPR member see hespr.ihbc.org.uk

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For a free promotion of your tendering opportunities and work needs to the IHBC’s HESPR members, please send details and links to Joanna at contact@ihbc.org.uk, as soon as possible.

Tenders can also be advertised for a fee with IHBC Jobs etc, including a targeted email to 2000+ recipients as well as full coverage on our NewsBlog alerts and social platforms (membership and followers c.18,000) and websites with c. 290,000 visits a month. Contact Joanna at contact@ihbc.org.uk

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