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BACKGROUND
The Chancellor of the Exchequer announced the Memorials Grant
Scheme in the March 2005 Budget. The scheme is aimed at charities,
but religious groups that are exempted from registering as
charities are also eligible. The scheme will return in grant
aid the amount of VAT incurred in the construction, renovation
and maintenance of memorials on or after 16th March 2005.
The refund scheme applies to memorials in the form of statues,
monuments and similar constructions.
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 Memorials Grant
Scheme is a temporary measure. It will operate until 2011
unless agreement is reached sooner on a permanent reduced
rate.
The scheme is being administered by DCMS for the whole of
the United Kingdom.
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