- The Value Added Tax (Installation of Energy-Saving Materials) Order has been extended.
- The list of energy-saving materials (ESMs) that benefit from zero-rating has been expanded.
- Groundworks for ground-source and water-source heat pumps will now be included.
- Installations of some batteries and ‘smart diverters’ will also be included.
- Installations of ESMs in buildings used for relevant charitable purposes will be brought back within zero-rating/the reduced rate.
- The changes will apply from 1 February 2024.
Source: taxjournal.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.
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