Renewable Energy: VAT
The question
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of extending the VAT exemption on domestic renewables beyond March 2027.
Answered by James Murray
Installations of qualifying energy-saving materials in residential accommodation, and buildings used solely for a charitable purpose, benefit from a temporary VAT zero rate until March 2027. After that date, they will revert to the reduced rate of VAT at five per cent. This support is worth over £1 billion.
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