This tax information and impact note is about additional buildings and technologies that will benefit from VAT relief for the installation of energy-saving materials.
This measure extends the VAT relief to installations of energy-saving materials (ESMs) in buildings used solely for relevant charitable purposes, such as village halls or similar recreational facilities for a local community.
The measure also expands the scope of the relief to include:
- water-source heat pumps
- electrical batteries that store electricity generated by certain ESMs and from the National Grid
- diverters that allow excess electricity from certain ESMs to be used within a building where it is generated rather than exported to the grid
Source gov.uk
Latest Posts in "United Kingdom"
- Fiscal Solutions – – !
- Post-Brexit VAT: Why the EU Accepts Imperfect Export Proof but the UK Demands Perfection
- VAT Input Tax Denial Under Kittel Principle – Appeals Allowed Against HMRC
- SK Metals Ltd v HMRC: VAT Input Tax Deductibility and MTIC Fraud Knowledge
- UK Chancellor Considers VAT Rate Adjustments and Threshold Changes in Upcoming Budget
