Green Deal installations 'should get reduced VAT rate'
01 February 2012
Minsters have been
urged by the Builders' Merchants Federation (BMF) to extend VAT
reductions to all projects carried out under the upcoming
Green
Deal.
The BMF has claimed the present system for working out VAT
reductions is disproportionate, as certain areas receive greater
discounts than others.
For instance, the installation of low-emissivity glass or
double-glazing in a property receives a 20 per cent VAT discount,
while for insulation installations there is only a five per cent
discount.
As a result, the BMF claimed the present system does not favour
green improvements in UK property.
The news follows comments by Andrew Leech, director at the National
Home Improvement Council, who recently argued that reducing VAT on
energy-efficient home improvements could lead to a great take-up of
these installations in the coming years.
Furthermore, he claimed this could help tackle the rash of cowboy
builders that give the construction industry a bad name by allowing
reputable contractors to compete on price.
Knauf Insulation – impartial advice and sustainable insulation
products including Earthwool Glass Mineral Wool, Rock Mineral Wool
and Polyfoam XPS.
Insulation News Index | Insulation News Archive