17/11/2011
HMRC issues notice on applying the right VAT rate for energy saving materials
There has been a good deal of confusion within the plumbing and heating industry about when and how to properly apply the lower rate of VAT for energy saving materials, particularly when such materials make up a part of larger works.
The HMRC has now issued much welcomed guidance in the form of Notice 708/6, which seeks to clarify a number of issues relating to VAT. Specifically of interest to plumbing and heating engineers are the guidelines in Section 2.3, which give more specific advice on the VAT rate to be applied to energy saving materials installed with other works.
Notice 708/6 - November 2011 can be read in full and downloaded here.
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