UK MPs have called for reduced VAT on energy-efficient home improvements. The parliamentary Environmental Audit Committee (EAC) recommends incentives to promote enhanced home insulation and more efficient heating, as well as steps to make electric cars and other electric goods more affordable.
The EAC report also recommends that the UK government consider applying carbon taxes.
The committee’s chair, Philip Dunne, insists that an effective tax framework is essential for ensuring the UK meets its ambitious climate goals.
“A tax system fit for net-zero Britain is key. It will encourage innovation, give confidence to the sector and support companies to make the low-carbon transition,” Dunne said.
Source: vatglobal.com
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