|
*IMPORTANT NOTICE*
THIS SUPERSEDES INFORMATION WITHIN THE GUIDANCE BOOKLET
(which is currently under review)
CHANGES TO THE GRANT SCHEME FROM 4 JANUARY 2011
The Department announced on 7 October that, in line with the need to reduce public
expenditure, eligibility for applications received in the final quarter of 2010/11
would return to the original scope of the scheme. The press release can be seen
at: http://www.culture.gov.uk/news/media_releases/7470.aspx
With immediate effect from 4 January 2011, the following will become ineligible
under the scheme:
- professional fees, including all design, surveying, project management, fundraising
fees etc.
Eligibility depends on the date the claim is received by the Memorials Grant
Scheme, not the date the works were carried out, or the invoice date.
Where claims include the above fees, these must be received prior to 4th January
2011. Any queries that arise must be fully resolved by 6th January
in order to be accepted under the scheme. Where this is not possible, the above
items will become ineligible.
For claims including the above fees, received on or after 4th January 2011, these
elements of the claim will be deemed ineligible and deducted from the total.
Please note that for rejected claims, which are subsequently
resubmitted, the date of receipt will be the date the
resubmitted claim is received, not the date the original
claim was received.
VAT RATE CHANGE
From 4 January 2011, the VAT rate is due to increase to 20%. The scheme will continue
to refund up to the full VAT paid for works that remain eligible.
FUTURE OF THE GRANT SCHEME
The Department for Culture, Media & Sport has announced that the MGS scheme will
continue for a further 4 years from April 2011. There will be an annual fixed maximum
budget of £500k including administration costs. The restriction to scope from 4
January 2011 already announced will remain in place - professional fees will remain
ineligible from 1 April 2011. Further announcements will be made in due course.
|
|
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.
|
