A recent EU consultation document proposal to introduce the 20% VAT rate on new build homes would be a disaster for the fragile UK housing market.
Thankfully, in response to the document a spokesman for the UK Treasury said: “The UK Government will not change the VAT zero-rating of new-build homes”.
Only about 130,000 homes were built across Thankfully, in response to the document a spokesman for the UK Treasury said: “The UK Government will not change the VAT zero-rating of new-build homes”.