| 15% VAT RATE
As a result of the recent announcement by the Chancellor
of the Exchequer regarding a temporary reduction in
VAT rate to 15%, all claimants should be aware that
when submitting invoices that include works before and
after 1st December, they should ensure that the split
rate of VAT is clearly demonstrated on the invoice.
Any grants relating to this period will be paid at the
VAT rate incurred. If you have any queries regarding
this matter, please contact the MGS Helpdesk for further
advice.
|
| The cost of professional services (architects,
structural engineers, surveyors, planning supervisors,
archaeologists, H&S advisors, bat inspectors and
professional fundraisers) directly related with eligible
repairs are eligible from 22nd March 2006. Where these
costs cover works before and after this date, this must
be declared on either the invoice or the application.
Fees for professionals not directly associated with
repairs (i.e. lawyers, solicitors, accountants) are
ineligible. |
An interim grant scheme,
which returns, in grant aid, the amount of VAT incurred on
the construction, renovation and maintenance of eligible memorials.
The scheme is currently due to continue until 2011.
The Chancellor of the Exchequer announced in the March 2005
Budget, that both charities and faith groups that are exempted
from registering as charities, can reclaim VAT incurred on
eligible construction, renovation and maintenance of public
memorials since 16th March 2005.
| All memorials must bear an inscription identifying the
memorial purpose. The text of the inscription must be
included in question 8 of the application form. |
Invoice spanning works before and after 16th March 2005 can
be submitted, but only the element incurred on or after this
date will be refunded. This split must be made clear on either
the invoice or the application.
There is no minimum or maximum limit on the amount reclaimable.
Upto 10 invoices can now be included per application.
The Government has made proposals to the European Commission
for a permanent reduced VAT rate to be charged on memorial
construction, renovation and maintenance. The scheme will
operate until 2011, unless agreement is reached sooner on
a permanent reduced rate.
INTRODUCTION
This guidance is designed to help you in completing your
application. Please read this carefully before completing
the application form. If you require further assistance,
then please speak to one of our operators on 0845 600 6430.
Calls will be charged at the standard local rate.
We will hold some of the information provided on computer.
This information will be used to process applications, grants
and produce statistics. Some of this information may be shared
with other grant providing organisations such as English Heritage,
Cadw or Historic Scotland, to avoid the possibility of duplicate
payments being made.
|
