Energy: VAT

(asked on 8th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will reduce VAT on energy saving products after the end of the transition period.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 16th July 2020

VAT is a broad based tax on consumption and the twenty per cent standard rate applies to most goods and services.

Relief from the standard rate is already available on the sale and installation of certain energy-saving materials such as insulation, draught stripping and solar panels if certain conditions are met.

Although there are no plans to extend the scope of the relief already in place, the Government keeps all taxes under review.

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