TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Land and Buildings

HMRC Brief No. 24/08 announces the introduction of the option to tax supplies of land and buildings which was introduced at Budget 2008, following the European Court's ruling that the UK had to tax the construction of non-domestic buildings.

A new Schedule 10 to the VAT Act 1994 deals primarily with this and becomes effective from the 1 June 2008 following the announcement in Budget Note 79 at Budget 2008.

HMRC Brief No. 24/08 is reproduced at Section 2.05.

VAT Information Sheet 03/08 announces the introduction of a new Schedule 10 to the VAT Act 1994.

The Value Added Tax (Buildings and Land) Order 2008 is available at http://www.hmrc.gov.uk/si/2008-1146.pdf.