HMRC pushes steep VAT increase for new solar-battery systems
by Jillian Ambrose Energy correspondent from Environment | The Guardian on (#4HV5Q)
Treasury proposes rise from 5% to 20%, while the tax on coal will stay at lower rate
Homes hoping to shrink their carbon footprints by installing a solar-battery system face a steep VAT increase from October under new laws proposed by HMRC.
The Treasury put forward legislation on Monday to raise VAT for home solar-battery systems from 5% to 20%, on the same day that MPs are debating the government's new net zero carbon target for 2050.
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