VATupdate
VAT

Share this post on

UK mulls 15% rise in VAT rates that would hit residential solar and storage

Having declared a climate emergency last week, the U.K. government is considering raising VAT rates from 5% to 20% on ‘energy saving materials’ in the home. While the tax authorities are blaming Europe, trade body the REA has pointed out the 5% rate would still apply for coal used for domestic heating.

Source: PV Magazine

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com