Applies only to buildings completed on or after 1 March
In Revenue & Customs Brief 5/11, HMRC announced a simplification in the change in use provisions. The department have confirmed that the simplified provisions will apply only to buildings completed on or after 1 March 2011, and whose use changes, from a qualifying one to a non-qualifying one, on or after 1 March 2011.
If the buildings were completed before 1 March 2011, the old 'change in use' provisions will apply.
VAT Information Sheet 04/11 has been amended to reflect this clarification and to make other minor clarifications.
