- The National Trust for Scotland urges political candidates to reform VAT laws that currently penalize the restoration of historic buildings, favoring new builds and demolition instead.
- Reforming VAT could help preserve heritage sites, prevent the release of 240,000 tonnes of carbon, boost the UK economy by £15 billion, and create 95,000 jobs.
- Public support is strong, with 58% favoring VAT relief for historic renovations, and heritage sites are vital to Scotland’s £9.7 billion tourism industry.
- There is a critical shortage of traditional building skills due to underfunded vocational education, threatening the maintenance and retrofitting of older buildings.
- The NTS calls on all political parties to address these policy failures and invest in both VAT reform and skills training to protect Scotland’s historic architecture.
Source: scottishfinancialnews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- UK Tribunal Rules VAT Payable Upfront on Mobile Bundles, Rejecting Lycamobile’s Usage-Based Approach
- HMRC Updates VAT Notice 703: New Zero-Rating Rules for UK Exports Effective February 2026
- MSD Wholesale’s VAT Appeal Dismissed: Insufficient Proof of Supplier Payments and Links to Fraudulent Traders
- Ellis & North Yorkshire Properties v HMRC: VAT Penalties, Income Tax, and NICs Appeal Dismissed
- Pre-Registration VAT Recovery: Aspire in the Community v HMRC on Use-Based Method and Input Tax
