Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the effect of changes to the reduced rate of VAT for energy-saving materials on the rate of uptake of those materials.
Around 1,500 future installations of solar panels, energy-saving boilers and wind turbines are expected to be affected annually, plus some other smaller scale items, by the changes to the VAT rules for energy-saving materials. This represents less than 5 per cent of the value of all installations currently eligible for the reduced rated.
It is anticipated that these changes will have a negligible impact on the environment.
A Tax Information and Impact Note was published by HMRC on GOV.UK on 10 July 2019.