VAT Exemptions

(asked on 9th September 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with HMRC on a VAT exemption for new build dwellings under the Welsh Government's One Planet development policy.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 14th September 2021

The Chancellor of the Exchequer and other Treasury ministers engage with the Welsh Government and all of the devolved administrations regularly on a range of subjects, including VAT.

The Government currently maintains a zero rate of VAT on new-build residential properties.

The Government is committed to greening the economy; and investing in new affordable housing is a priority.

The Government is investing £12.2 billion over five years through the Affordable Homes Programmes; this is the largest cash investment in affordable housing for a decade and will provide up to 180,000 new homes across the country.

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