- 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"
- Navigating VAT Challenges in UK Care Homes: Compliance, Risks, and Strategic Planning
- UK Chancellor Considers Increasing VAT Threshold to Boost Business Growth
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- VAT Fraudster Arif Patel Loses Ferrari and £90m Property Empire in HMRC Crackdown
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations