Written question asked by Sue Doughty (Liberal Democrat) on Friday, 26 April 2002, in the House of Commons. It was due for an answer on Thursday, 2 May 2002. It was answered by Lord Boateng (Labour) on Thursday, 2 May 2002 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years of the extension of the five per cent. rate of VAT to apply to the grant-funded installation of (i) factory-insulated hot water tanks, (ii) micro-combined heat and power and (iii) renewable energy heating systems in the homes of the less well-off.

Answer: Sue Doughty: To ask the Chancellor of the Exchequer what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years of the extension of the 5 per cent. rate of VAT to apply to the grant-funded installation of (i) factory-insulated hot water tanks, (ii) micro-combined heat and power and (iii) renewable energy heating systems in the homes of the less well-off. [53716] Mr. Boateng: The cost of the reduced rate of VAT for these grant-funded installations at the outset of its introduction and over the next three years will be negligible.

Secondary information

Type: Written question
Reference: 53716; 384 c935W
Session: 2001-02
Subjects: Conservation Combined heat and power Energy Insulation Heating Tax allowances Renewable energy VAT Tax rates and bands
Link: View this Written question on www.publications.parliament.uk