Renewable Energy: VAT

(asked on 21st January 2021) - 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 of 10 years to (a) help grow the Green Economy and (b) stimulate the uptake of microgeneration in domestic properties.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 26th January 2021

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

Decisions on tax policy are made at fiscal events and the Government keeps all taxes under review.

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