The Value Added Tax (Installation of Energy-Saving Materials) Order 2024 introduces a temporary zero rating for BESS installations in homes and buildings used solely for charitable purposes. The legislation also extends the same VAT exemption to water-source heat pumps and smart diverters, facilitating the transfer of excess solar power into hot water tanks.
The zero-rating period is set to conclude on 31st March 2027, across the UK.
Source: Energy Live News
Latest Posts in "United Kingdom"
- Proposed VAT Relief for Bare Land Sales to Boost Social Housing
- UK Tribunal Rules Tapi Carpets Not Liable for £13.5 Million VAT Assessment
- Temporary Electricity VAT Relief Could Save Charities and Non-Profits Significantly
- ICAEW Warns Direct Debit VAT Plan Could Harm Business Cash Flow
- Rolling VAT Registration Threshold: Understanding the 12-Month Test
