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.
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.