The introduction of the zero rate of VAT for the installation of energy saving materials in residential properties in April 2022 has provided ‘genuine opportunities’ for property owners to enjoy a VAT saving on the cost of such installations.
However, the change in the VAT rate has passed some by, including contractors who are installing for example solar panels, biomass heating systems, and insulation.
Source: www.farminguk.com
Latest Posts in "United Kingdom"
- UK Implements EPR Scheme: Producers Pay Fees for Packaging Waste Management Starting 2025
- Rachel Reeves Considers VAT Adjustments Amid Budget Challenges Despite Labour’s Pledge
- Cayman Implements New Taxes on Imported Vehicles
- Tribunal Rules Nitrous Oxide Not Zero-Rated Food in Telamara VAT Case
- HMRC Updates VAT Notice 700/18: New Guidelines for Bad Debt Relief Claims