Mend and make do or throw away for new? We have turned into a society that prefers to buy new rather than invest in long term maintenance and this manifests itself in the VAT system whereby we have to pay VAT on repairs or renovations to houses, but not on new build. A VAT reduction on housing renovation and repair could boost the UK economy by more than £15 billion from 2015 to 2020 according to a new independent research report by Experian. Find out more here ... resources.fmb.org.uk/docs/VATResearchFinal.pdf and consider joining the Cut the VAT campaign to help old building stock be reused and maintained rather than replaced with new build and left to decay. fmb.org.uk/news-publications/newsroom/campaigns/cut-the-vat/
Posted on: Fri, 07 Mar 2014 16:50:36 +0000
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