UK mulls 15% rise in VAT rates that would hit residenti...

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Title	UK mulls 15% rise in VAT rates that would hit residential solar and storage
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Detail	Having declared a climate emergency last week, the U.K. government is considering raising VAT rates from 5% to 20% on ‘energy saving materials’ in the home. While the tax authorities are blaming Europe, trade body the REA has pointed out the 5% rate would still apply for coal used for domestic heating.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Non-Renewable Energy Solar Photovoltaic PV Energy Construction Energy-Power and Electrical Petroleum Products
Published Date	07.05.2019
Original Url	Original Url
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Title
UK mulls 15% rise in VAT rates that would hit residential solar and storage
Detail
Having declared a climate emergency last week, the U.K. government is considering raising VAT rates from 5% to 20% on ‘energy saving materials’ in the home. While the tax authorities are blaming Europe, trade body the REA has pointed out the 5% rate would still apply for coal used for domestic heating.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Non-Renewable Energy Solar Photovoltaic PV Energy Construction Energy-Power and Electrical Petroleum Products
Published Date
07.05.2019
Original Url
Original Url
Share