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VAT Alert: Update to energy saving material VAT rate


By: Liz Hill Date: 17 August 2015
Category: VAT

Back in June we wrote about the outcome of the European Commission (EC) investigation into the UK’s treatment of VAT for companies installing energy saving materials.

To recap, the court found that the UK had applied the reduced rate too widely.

The UK government is now considering the implications of the decision, and how it will affect you. If there are to be any legislative changes, they will not be implemented before the Finance Act 2016. Until then, supplies of the installation of energy savings materials will continue to be at the 5% reduced rated and any changes will not apply to supplies already made.

Please contact Liz Hill or Rob Geary if you need information about the date of implementation, details about anti-forestalling legislation or any other VAT issues.

The full HM Revenue and Customs briefing can be found here.
 
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