TAX HIKE ON HOME SOLAR
The Tories must press pause on their plans to quadruple the VAT charged on home solar systems – which SNP MSP Gillian Martin has said could be a “major step backwards” in reaching green targets.
The UK government this week introduced legislation to increase the VAT levied on home solar-battery systems from 5% to 20%.
The Renewable Energy Association warned that this would create a “barrier” to new installations and contradicted the UK government’s climate change targets.
The UK government this month accepted a target of reaching net-zero greenhouse gas emissions by 2050, 5 years later than the Scottish Government’s target.
Commenting, SNP MSP Gillian Martin said:
“Renewable energy is a vital part of reaching our climate change targets, with home solar having a huge amount of potential.
“Quadrupling the VAT bill faced by those installing these systems could be a major step backwards in encouraging households to lower their carbon footprints.
“The Tories must press pause on these plans and stop undermining our transition to renewables.
HMRC pushes steep VAT increase for new solar-battery systems