HMRC is extending the relaxations around the special tax scheme for national heritage assets (eg land and buildings and works of art of historical importance), to help ensure the scheme rules are not deemed to be broken because of difficulties caused by the ongoing covid-19 pandemic.
For example, national heritage properties are usually required to be open to the public for a certain amount of time each year, as a condition of the scheme. Many properties may continue to breach this condition because of social distancing guidance, or where they are unable to open because of staff shortages where individuals are required to self-isolate.
The revised guidance confirms that temporary adjustments to agreement on an individual basis (eg limiting visitor numbers or closing rooms) will be considered until 31 March 2022.
HMRC will also not consider an agreement broken if the property is not open for the required full number of days before 1 April 2022 (extended from 1 August 2021). HMRC notes that this will apply even if the property does not open at all until 1 April 2022.
HMRC is extending the relaxations around the special tax scheme for national heritage assets (eg land and buildings and works of art of historical importance), to help ensure the scheme rules are not deemed to be broken because of difficulties caused by the ongoing covid-19 pandemic.
For example, national heritage properties are usually required to be open to the public for a certain amount of time each year, as a condition of the scheme. Many properties may continue to breach this condition because of social distancing guidance, or where they are unable to open because of staff shortages where individuals are required to self-isolate.
The revised guidance confirms that temporary adjustments to agreement on an individual basis (eg limiting visitor numbers or closing rooms) will be considered until 31 March 2022.
HMRC will also not consider an agreement broken if the property is not open for the required full number of days before 1 April 2022 (extended from 1 August 2021). HMRC notes that this will apply even if the property does not open at all until 1 April 2022.
