Written question asked by Alex Norris (Labour) on Thursday, 3 October 2019, in the House of Commons. It was due for an answer on Tuesday, 8 October 2019 (named day). It was answered by Jesse Norman (Conservative) on Tuesday, 8 October 2019 on behalf of the Treasury.
Solar Power: VAT
- Question
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To ask the Chancellor of the Exchequer, pursuant to the Answers of 3 October 2019 to Questions 292302 and 292304, what the evidential basis is for the conclusion that VAT changes to materials used for solar installations will have a negligible environmental impact.
- Answer
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The changes to the VAT rules for energy-saving materials are expected to affect a relatively small number of installations. It is therefore anticipated that there will be a negligible impact on the environment.
Around 1,500 future installations of solar panels, energy-saving boilers and wind turbines are expected to be affected annually, plus some other smaller scale items. This represents less than 5% of the value of all installations currently eligible for the reduced rate. The changes are expected to have a negligible impact on the Exchequer.
A Tax Information and Impact Note was published by HMRC on GOV.UK on 10 July 2019.
Secondary information
- Type
- Written question
- Reference
- 294233
- Session
- 2017-19
- Related items
- Subjects
- Environment protection Materials VAT Solar power
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-10-08 09:13:28 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/294233
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/294233
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/294233