Main political parties declare their position on VAT

The political parties declared their position on a VAT reduction on approved alterations to listed buildings during the Heritage Alliance’s Heritage Day, which LPOC attended.

Ed Vaizey said the Chancellor was “not able to secure a VAT reduction in the Autumn statement”, but insisted that the Government “remains open minded and interested about reducing VAT on repairs and alterations”. The Minister stressed the importance of the Heritage sector providing clearer evidence to the Treasury about the cost of reducing VAT. Mr Vaizey also said “VAT is a matter for the Chancellor”, and described a reduction in VAT on alterations and repairs as “a very live issue.”

The Minister also acknowledged the importance of preserving traditional skills used on listed buildings. He said: “We still need to retain those skills in these areas.”

William Cash, UKIP Heritage Spokesman, used the Heritage Day to announce his parties support for a VAT reduction. Mr Cash said: “UKIP is the first party to pledge to abolish VAT on listed building repairs.” UKIP formally announced their support days later following receiving a copy of Peter’s presentation.

Baroness Bonham Carter, Liberal Democrat spokesperson on Culture, said that the Liberal Democrats were open to discussion on a VAT reduction on alterations and repairs. The Baroness also acknowledged the large part listed building custodians play in preserving heritage and the complex processes enforced upon them. She said: “It is right that local authorities guard our heritage, but must treat those who do with real respect.”