Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

United Kingdom

United Kingdom

VAT down on small systems

The UK small wind turbine market has been given a boost with the government's decision to reduce value added tax (VAT) on small renewable energy systems by 12.5%. The April budget made provision for sales tax to be reduced from 17.5% to 5% for domestic solar panels and energy saving materials. But at that time no provision was made for other renewables. After months of lobbying by the British Wind Energy Association and others, Customs & Excise conceded last month that the reduced rate of 5% VAT should also apply to small wind and hydro. The finance bill containing the new measure was expected to receive royal assent at the end of July.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs