Treasury written question – answered at on 22 November 2021.
To ask the Chancellor of the Exchequer, if he will make it his policy to reduce the VAT on heat batteries to five per cent as part of the transition to a net zero energy system.
The Government maintains a reduced rate of VAT of 5 per cent on the installation of many Energy Saving Materials, subject to certain conditions.
Going further would impose additional pressure on the public finances, to which VAT makes a significant contribution. VAT raised around £130 billion in 2019/20, and helps to fund key spending priorities, including on health, education, and defence.The Government keeps all taxes under review.
Yes1 person thinks so
No0 people think not
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