Revenue & Customs Brief 14/14
The above Brief announces revised transitional rules for the withdrawal from 1 April 2015 of VAT concessions affecting the construction of new student accommodation and new dining halls and kitchens for students and school pupils. The concessions are being withdrawn from 1 April 2015.
Following consultation, HMRC has widened the transitional rules which determine which student accommodation buildings that are not complete as at 1 April 2015 can rely on the concession. The revised rules are set out in the Brief. A copy of the brief is available here.