Navigating the path to Scotland’s clean energy future
[ad_1] Over the past decade, Scotland has made remarkable strides in renewable energy deployment, doubling its renewable generation capacity to c.15 Gigawatts (‘GW’) today. The Scottish Government has set ambitious targets to add an additional 20GW of capacity by 2030. Scottish businesses are at the heart of driving deployment and achieving Scotland’s Net Zero ambitions. […]
Energy saving materials relief extended from February 2024
[ad_1] The VAT zero rate will be extended to more energy saving materials. The relief will also be available for installations in certain charity buildings. Following the Spring Budget 2023, HMRC launched a call for evidence seeking views on whether the VAT zero rate for the installation of energy saving materials (ESMs) should be extended. The […]
ICAEW comments on decarbonising UK energy production
[ad_1] In its response to a consultation on the UK’s oil and gas fiscal regime, ICAEW stressed the dangers of overreliance on oil and gas to meet current and future energy demand and highlighted the opportunities that can be created from investment in low carbon technology. The consultation response highlights the fact that, while half of […]
ICAEW considers extension on VAT relief for energy saving
[ad_1] The Tax Faculty expresses concerns with the expansion of VAT reliefs generally, but considers the extension of the zero rate the best option at the current time. In ICAEW REP 47/23, ICAEW’s Tax Faculty notes that VAT reliefs are not the optimal policy tool for driving behavioural change. In this case, the behavioural change […]
VAT zero rate for energy saving materials extended to NI
[ad_1] Further to the ratification of the Windsor Framework, the zero rate for the installation of energy saving materials announced at Spring Statement 2022 will be extended to Northern Ireland from 1 May 2023. Businesses that provide and install certain energy saving materials (ESMs) in Northern Ireland will be able to apply the zero rate […]
Call for evidence: VAT energy saving materials relief
[ad_1] The UK government is seeking views on whether the VAT zero rate for the installation of energy saving materials should be extended to additional technologies and to installations in charitable premises. As part of Spring Budget 2023, the government has launched a call for evidence seeking views on reform of the VAT relief for […]