Space Air must advise that the reduced 5% VAT rate on residential / charitable air source heat pumps may jump up to 20% following a ruling by the European Commission.
Following on from our previous press release (Reduced VAT on Heat Pumps), below is more information regarding what is covered under the reduced 5% VAT rate.
Reduced 5% VAT applies to energy saving materials or equipment and installation as long as both are on the same invoice. However incidental work’s such as plastering or pa...
