Budget hints at Treasury defiance over Green Deal VAT ruling

Madeleine Cuff
clock

Tax lock in Summer Budget could enshrine in law reduced VAT rates for energy-saving materials, contrary to EU ruling say industry insiders

This week's Budget announcement from Chancellor George Osborne may contain a glimmer of hope for green businesses threatened by the recent EU court ruling that branded tax breaks for energy-saving goods...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Taxation

Smarter taxation can help the UK reclaim its lost ambition for green growth

Smarter taxation can help the UK reclaim its lost ambition for green growth

Unless the UK invests now in the green economy, the cost later – in offsetting the damage and trying to catch up with global competition – will be orders of magnitude higher, argues CBI chief executive Rain Newton-Smith

Rain Newton-Smith, CBI
clock 13 May 2024 • 3 min read
Treasury raises £52.5bn from environmental taxes in 2023

Treasury raises £52.5bn from environmental taxes in 2023

Revenues from taxes designed to reduce negative environmental impacts have returned to pre-pandemic levels, new ONS data confirms

Michael Holder
clock 08 May 2024 • 3 min read
'Climate Damages Tax': Fossil fuel levy could raise $720bn to tackle climate crisis

'Climate Damages Tax': Fossil fuel levy could raise $720bn to tackle climate crisis

Campaign groups propose tax on fossil fuel extraction to help bridge climate funding gap through to the end of the decade

James Murray
clock 29 April 2024 • 5 min read