Responding to HMRC’s consultation on VAT energy saving materials relief – improving energy efficiency and reducing carbon emissions, the CIOT suggests that reform of the VAT rules could incentivise the installation of energy-saving materials (ESMs). The CIOT believes that in principle VAT relief on battery storage could meet the government’s three key objectives (improving energy efficiency and reducing carbon emissions, cost effectiveness, and alignment with broader VAT principles).
Source: taxjournal.com
Latest Posts in "United Kingdom"
- Tax Incentives and Business Benefits of Freeports and Green Freeports in Scotland
- Guernsey Proposes Tax Policy Commitments to Accompany Potential Goods and Services Tax Implementation
- Cooked Food Supplied to Nurseries Deemed Catering and Standard Rated for VAT, Appeal Dismissed
- United Kingdom – Comprehensive VAT Guide (2026 Edition)
- Athena Luxe Ltd FTT Ruling: Validity of Invoices and HMRC Discretion on Input Tax Recovery
