Early day motion tabled by primary sponsor Kerry Pollard (Labour), on Wednesday, 24 October 2001, in the House of Commons. It is signed by 110 members in total.

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VAT ON WORKS TO EXISTING SOCIAL HOUSING

That this House welcomes the Chancellor's announcement in the Budget that VAT on residential conversions will be reduced to 5 per cent., but understands that this will affect only 1,000 social housing properties each year; notes that reducing VAT to 5 per cent. for all works to existing social housing would cost around ??140m; further notes the National Housing Federation's estimates that the increased tax-yield from stimulating construction industry activity would bring the net cost to Government to less than half this figure; believes that a 5 per cent. VAT rate for works to existing social housing would help to achieve the Government's stated aim of bringing all social housing to a decent standard by 2010; and urges the Chancellor to include this measure, which is permitted under the Sixth EU VAT Directive, in his Pre-Budget Report and the Spring Budget statement.

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Secondary information

Type

Early day motion

Reference

306 

Session

2001-02

Subjects

Building alterations Housing Social rented housing Repairs and maintenance VAT Tax rates and bands

Link

View this Early day motion on www.parliament.uk