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VAT Alert: Update on the VAT rates for energy saving materials


By: VAT team Date: 29 March 2016
Category: VAT

Back in December we gave details of the consultation taking place on the rate of VAT for the supply and installation of energy saving materials. The consultation came to an end in February and the Government planned to raise VAT to 20% from 1 August 2016, this would include the VAT on wind turbines and solar panels.

Following the Budget statement on 16 March the Government has announced that it is looking at ways of keeping certain energy saving materials at the 5% rate of VAT in future.

If you have questions, or would like further information on this please contact Rob Geary or Liz Hill on 01603 663300.
 
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