HMRC withdraws VAT concessions on caravans and boats

HMRC has withdrawn VAT concessions for caravan owners and boat builders because they don’t comply with EU law.

Caravan owners will no longer receive VAT concessions from 2012 because they conflict with European legislation, HMRC announced this week.

From 1 January 2012 caravan owners will no longer receive zero rated water and sewerage charges, and first time connection to utilities will now incur tax, where before they were zero rated.


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.