Renewable Energy: VAT

Treasury written question – answered on 1st December 2020.

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Photo of Alan Whitehead Alan Whitehead Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of removing VAT on domestic renewables and installations for a period on 10 years from 1 January 2021.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The installation of many energy saving materials, including solar panels, that generate domestic renewable energy, are already subject to the reduced rate of VAT of 5 per cent when certain conditions are met.

The Government currently has no plans to change the VAT treatment of renewables. However, all taxes are kept under review.

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