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Good News!

At last some good news in the Financial world.
The official announcement from the Department of Culture, Media and Sport follows:


"The Department has announced that the LPW scheme will continue for a further 4 years from April 2011. There will be an annual fixed maximum budget of £12 million, and the Department will discuss with faith groups and denominations how the scheme can best operate within that budget. The restriction to scope already announced from 4 January will remain in place- professional fees, and repairs to clocks, pews, bells and organs, will remain ineligible from 1 April. Further announcements will be made in due course."

What does this mean?

For us at KH, it means that we can reclaim the VAT paid on every repair we carry out to the main structure of the Building. A very important consideration when you realise that VAT is to increase to 20% in January 2011.

Despite the financial restrictions which are in place, this does show that the Government recognises the importance and value of certain Church Buildings within their own Communities.

KH was just one of those Church organisations who wrote to the Department in defence of the Scheme.



So?


Onwards and Upwards!
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