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 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 […]