- VAT zero rate extended to include installation of electrical battery storage, water-source heat pumps, and diverters retrofitted to energy-saving materials
- Specific groundworks for certain types of heat pumps also included
- Zero rate extended to include installation of energy-saving materials in buildings used solely for a relevant charitable purpose
- Value Added Tax (Installation of Energy-Saving Materials) Order 2024 implements this measure
- Changes apply from 1 February 2024
- Zero rate applies until 31 March 2027, then reduced VAT rate applies.
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- VAT Exemption for Medical vs Cosmetic Treatments: Key Tribunal Guidance for Clinics and Practitioners
- HMRC Updates Guidance on Lost VAT Appeals: New Cases Added and Amended
- VAT Recovery Falls Despite Increased Crackdown on Business Tax Avoidance, HMRC Figures Show
- VAT Late Filing Penalties: Software Failure and Employee Error Not Reasonable Excuse, Appeal Dismissed
- Corrupt Directors Jailed for £20m VAT Fraud After Secret Meetings and Fake Offshore Schemes
