Responding to HMRC’s consultation on VAT energy saving materials relief – improving energy efficiency and reducing carbon emissions, the CIOT suggests that reform of the VAT rules could incentivise the installation of energy-saving materials (ESMs). The CIOT believes that in principle VAT relief on battery storage could meet the government’s three key objectives (improving energy efficiency and reducing carbon emissions, cost effectiveness, and alignment with broader VAT principles).
Source: taxjournal.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
