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UK to fight energy product ruling
The government is to fight an EU ruling that the UK must raise VAT on energy efficiency products from 5% to 20%.
VAT was reduced to 5% on energy efficiency products in the UK because government wants to tackle fuel poverty, reduce carbon emissions and create jobs.
The reduction followed a long fight by green groups.
They argued that it was nonsensical to tax energy saving less than energy use, which incurs tax of just 5%.
http://www.bbc.co.uk/news/science-environment-19545185
I believe there is related info on this subject here : http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&id=HMCE_CL_000514
1 replies
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