Monday, 21 August 2017

Company delays VAT appeal decision

THE owners of Whitchurch Bridge have delayed a decision on whether to appeal against a court ruling that they must

THE owners of Whitchurch Bridge have delayed a decision on whether to appeal against a court ruling that they must pay the VAT on the toll bridge’s restoration.

The £3.2million overhaul is due to start in October and scheduled to finish by May 2014. Engineers say the work is necessary because the iron bridge, which was built in 1902, is cracking under the weight of traffic using it.

The Whitchurch Bridge company argued it should not pay the £700,000 VAT under a 1792 Act of Parliament exempting it from any “rate, tax or duty whatsoever”. But last month, a High Court judge sided with the Treasury and ordered the owners to pay the levy.

Mr Justice Burnett said the Act did not apply to excise duties on goods such as building materials.

The company has budgeted for the VAT but has warned that the 40p toll may have to go up sooner than expected if it has to pay.

Secretary Geoff Weir said the company was still taking legal advice and a decision on whether to appeal would be made “soon”.

Secretary Geoff Weir said the company was still taking legal advice and a decision on whether to appeal would be made “soon”.

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