The European Court of Justice has found that the UK has applied the Reduced Rate of VAT too widely in allowing the 5% rate on domestic supplies of energy saving materials. Generally the reduced rate can only be used for ‘social policies’ and using it as a general incentive for green measures is not sufficient – furthermore doubt has been raised as to the types of materials, as they do not fall into the permitted categories of ‘renovation of alteration of housing’.
READ MOREMuted Withdrawal of 5% on Energy Saving Materials
by Berthold Bauer on November 17, 2015 Muted Withdrawal of 5% on Energy Saving Materials