Opposing VAT on Caravan Holiday Homes
Parliament debated and approved the legislation to introduce these changes on 3rd July. The Finance Bill has now passed to the House of Lords for final approval. The changes were:
In all cases removable contents will continue to attract VAT at the standard rate of 20%.
HMRC have yet to issue guidance but the NCC are working with them to produce this and as soon as it is available we will let members know. In the meantime, an updated version of
HMRC Notice 701/20 was published in April 2012 and this can be downloaded here