Tax tribunal overturns VAT policy on student accommodation
HM Revenue & Customs’ VAT policy on new-build student accommodation has been successfully challenged in a case taken to the Tax Tribunal.
Glyn Edwards, VAT director at MHA MacIntyre Hudson, who brought the challenge, says that the outcome will create significant cashflow savings for student accommodation contractors, who should no longer be required to pay 20% VAT on subcontractors’ services.
The application of this judgement will depend on the precise circumstances of each development and, in particular, on the wording of planning consents …