Important VAT rate reforms on the way!

• The extension of the temporarily reduced VAT rate of 6% for the demolition and reconstruction of residential homes until December 31, 2023 (this scheme would normally expire at the end of this year).
• Extension of the temporarily reduced VAT rate from 6% until September 30, 2022 for the supply of electricity for household customers.
• Introduction of a temporarily reduced VAT rate of 6% until 30 September 2022 for the supply of natural gas and heat (via heat networks). This reduction is also limited to household contracts.
• The introduction of a reduced VAT rate of 6% for the period 1 April 2022 to 31 December 2023 for the installation of solar panels, solar water heaters and heat pumps.

Source VATconsult

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