Building lobbyists seek Vat cut to as low as 0% for housing products
Construction Industry Federation is calling for a ‘super reduced’ Vat rate, citing possible improvement to affordability issues
Construction lobbyists are calling on the state to cut the rate of Vat on housing to as low as 0 per cent, claiming the reduction is necessary to help builders deal with “extraordinary” cost increases.
The Construction Industry Federation (CIF) has urged the government to ask the European Union to allow it to charge a “super reduced” Vat rate of between 0 and 5 per cent on housing products.
Under an EU directive on Vat ...