Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

HS2 could face 20 per cent VAT bill on construction costs

HIGH-SPEED RAIL

Andrew Forster
28 September 2018
 

The published cost of HS2 may have to be revised upwards by 20 per cent to reflect VAT.

The current funding envelope for HS2 phases one and two is £55.7bn (2015 prices). This excludes VAT because, although HS2 Ltd does pay VAT on construction activity, it is able to recover it all back.

HM Revenue & Customs (HMRC) is, however, currently reviewing this arrangement.  

Says the DfT’s new annual report: “Subject to the outcome of this review, there may be a change in the...

+89% more

 

 
 
Head of Highways & Transport
London Borough of Lewisham
London
up to £72,705
Head of Highways & Transport
London Borough of Lewisham
London
up to £72,705
Senior Transport Operations Officer
Bristol City Council
Bristol
£32,029 - £33,799
View all Vacancies
 
Search
 

TransportXtra is part of Landor LINKS

© 2019 TransportXtra | Landor LINKS Ltd | All Rights Reserved

Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: | Tel: +44 (0) 20 7091 7959

Shop & Accounts Enquires
Email: | Tel: +44 (0) 20 7091 7855

Advertising Sales & Recruitment Enquires
Email: | Tel: +44 (0) 20 7091 7861

Events & Conference Enquires
Email: | Tel: +44 (0) 20 7091 7865

Press Releases & Editorial Enquires
Email: | Tel: +44 (0) 20 7091 7875

Privacy Policy | Terms and Conditions | Advertise