At present VAT is charged at the reduced 5% rate on the installation of energy saving materials (ESMs), including solar panels, in residential accommodation. The Government has introduced secondary legislation to amend the scope of the 5% rate to comply with European VAT rules (SI 2019/958). This took effect from 1 October 2019, although the Government has stated that the majority of solar panel installations is expected to be unaffected.
VAT on solar panels (112 KB , PDF)
VAT on solar panels (112 KB , PDF)
This briefing sets out the background to the Autumn Budget and Spending Review 2021, which will take place on 27 October 2021. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
The future of town centres and high streets has long been a matter of concern, with the most recent debate in the House of Commons in December 2020. This briefing highlights some of the key trends and discussions.
The High Income Child Benefit Charge provides for Child Benefit to be clawed back through the tax system from families where the highest earner has an income in excess of £50,000.
