Universities lose 0% VAT rate for listed building work

11 September 2012 Last updated at 09:21 ET Help

The government has backtracked on several Budget measures but appears to be holding firm on making universities pay VAT on any alterations to their listed buildings for the first time.

Giles Dilnot spoke to Conservative MP Nadhim Zahawi and Janis Pich, the director of estates at the University of Reading, on the changes which will remove a 0% VAT rating for some building works, in an apparent simplification of tax rules.

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