HMRC

Public Accounts Committee report warns Treasury and HMRC have limited understanding of how the tax system supports or hinders the UK’s environmental goals

National Audit Office urges government to start measuring impacts of environmental taxes more closely in order to give Parliament a better idea of the role tax can play in meeting green goals

The department has announced commitments to reach net-zero emissions by 2040 and to cut its business travel emissions by 50 per cent

VAT on household solar and storage is due to rise from five to 20 per cent on October 1

Motion to approve 2050 net zero target scheduled for Commons vote this afternoon, as campaigners call for government to match VAT policies with climate ambitions

Solar-storage systems in line for a price cut, after HMRC reportedly confirms five per cent VAT rate for new installations