§ 32. Mr. Nicholas Baker
asked the Chancellor of the Exchequer if he will make a statement about the treatment of repairs and alterations to listed buildings for value added tax purposes.
§ Mr. Brooke
The repair and maintenance of buildings, listed or otherwise, has always been liable to VAT at the standard rate. On 1 June 1984 alteration work, previously liable at the zero rate, became standard-rated, but zero-rating was retained for approved alterations to listed buildings and scheduled monuments. This concession was widely welcomed by those concerned with the preservation of our national heritage.