VAT – tax law rewrite

The long and (not so) eagerly awaited rewriting of Schedule 10 of the Value Added Tax Act 1994 – this is the Schedule of the Act that deals with VAT on land and buildings – is upon us. The Value Added Tax (Buildings and Land) Order 2008 (SI 2008/1146) is published today. Stay tuned for a full consideration of the practical implications of the rewrite before commencement.