Renewable Energy: VAT

(asked on 26th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of removing VAT on domestic renewables and installations for a period on 10 years from 1 January 2021.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 1st December 2020

The installation of many energy saving materials, including solar panels, that generate domestic renewable energy, are already subject to the reduced rate of VAT of 5 per cent when certain conditions are met.

The Government currently has no plans to change the VAT treatment of renewables. However, all taxes are kept under review.

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