Asked by: Deirdre Costigan (Labour - Ealing Southall)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if her Department will widen the list of current Energy Saving Materials in the upcoming Autumn Statement to include heat batteries.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The installation of qualifying energy-saving materials in residential accommodation and buildings used solely for a relevant charitable purpose benefits from a temporary VAT zero rate until March 2027, after which they will revert to the reduced rate of VAT at five per cent.
Last year, a Call for Evidence (CfE) seeking views on additional technologies to potentially include within this relief was run. Heat batteries were one of the technologies put forwards by respondents. As set out in the Government response to the CfE, at that time, the Government was unable to identify sufficient independent data regarding the efficiency of heat batteries, making it difficult to assess the technology’s energy-saving properties objectively.
The Government currently has no plans to add further technologies to this VAT relief. Nevertheless, the Government keeps all taxes under review as part of the policy making process. Changes to the tax system are announced at fiscal events in the usual way.
Asked by: Deirdre Costigan (Labour - Ealing Southall)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the funding required to restore aid spending to 0.7% of GDP.
Answered by Darren Jones - Chief Secretary to the Treasury
This Government is committed to restoring ODA spending at the level of 0.7 per cent of GNI as soon as fiscal circumstances allow. The Government will set out its approach to the House in due course.