Safeguard welcomes plans to reduce VAT on caravan homes

(June 11, 2012) -- Safeguard, one of the UK's leading providers of caravan and motorhome insurance, has welcomed today's news that the government has scrapped its plans to levy 20 percent VAT on caravan holiday homes, including static caravans, and instead will charge a much lower VAT rate at only five percent from April 2013.