Jul
24

Petition for zero-rate VAT on retrofits

A petition has been started in an to attempt to get the government to look at removing VAT on deep retrofit/eco refurbishment building work on all homes. This could act as an incentive to homeowners to carry out retrofit works that could improve the performance of the building. The idea was explored in a report in July 2013 by the Green Building Council called ‘Retrofit Incentives’. A section of the report discussed reduced VAT for energy efficiency and highlighted that reduced or zero rates of VAT are often applied to goods and services that are considered to be essential or of social benefit. Five per cent VAT already applies to conversion work and renovations to residential properties which have been empty for more than two years and already applies to some energy-saving measures. The petition hopes to readdress the matter and you can find more details and sign the petition here.