VAT: refunds of non-recoverable VAT for the Old Oak and Park Royal Development Corporation
This tax information and impact note specifies the Old Oak and Park Royal Development Corporation as a body to which section 33 of the VAT Act 1994 applies.
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The Old Oak and Park Royal Development Corporation (OPDC) was established on 1 April 2015 as a Mayoral development corporation under the Localism Act 2011 and is a designated Mayoral development area, which is located within the boundaries of the London Boroughs of Brent, Ealing and Hammersmith and Fulham. The statutory planning functions for these boroughs have also been transferred to the OPDC.
Local authorities carrying out statutory functions can recover the VAT incurred on their non-business activities under the section 33 VAT refund scheme. To give OPDC equitable treatment they are to be included in section 33(k) of the VAT Act 1994.
Draft legislation: the VAT (refund of Tax to the Old Oak and Park Royal Development Corporation) Order 2016 for this measure has also been published.