Not For Us The Environmental Benefits Of The UK Govt Reducing VAT On All Insulation To 5%
The VAT has been reduced to 5 percent already in some areas. The Government, in fact, has been gradually reducing the rate from 1998 onwards until it reached 5 per cent for installation by professional installers of some energy-saving materials. Insulation installation also benefitted from this break. This VAT rate reduction reveals an appreciation of the incentivizing powers of this option. Homeowners, however, remain excluded from the benefits enjoyed by professional installers, should they opt to do the installation work on their own. The environmental benefits of the UK government reducing VAT on all insullation work to five percent would also benefit excluded classes, including homeowners.