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Reduce VAT on Building Refurbishments to 5%

Submitted on Friday 30th December 2011

Published on Tuesday 3rd January 2012

Current status: Closed

Closed: Thursday 3rd January 2013

Signatures: 5

Tagged with

Economy ~ Tax ~ Unemployment

Petition Action

Reduce VAT on Building Refurbishments to 5%

Additional Information

VAT on Building Work, such as extensions and renovations, should be reduced to 5% when undertaken by VAT registered builders and where there is proof of compliance to Building Regulations on completion. This would help eliminate the 'black economy', reduce unemployment, increase building standards and could well lead to an increase in the tax collected as less people would seek to pay for work in cash.


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