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
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