Deloitte has reviewed and updated the Value Added Tax chapter on behalf of CIPFA and the National Housing Federation. The chapter includes a guide to the registration process and the responsibilities of housing associations, and highlights areas of complication that housing associations might encounter. The later sections cover the treatment of self-discovered errors, mistakes and discovery assessments made by HMRC, and outline the appeals procedure and HMRC’s approach to dealing with tax avoidance.
The chapter Right to Buy and Right to Acquire has been updated, providing a summary of the government’s intention to extend the right to buy to housing association tenants, through a voluntary agreement reached with the sector, and there is also a brand new section on Right to Shared Ownership. (This chapter was formerly just named Right to Buy.)