Reduced VAT rate of 5% on residential Air Source Heat Pumps

Advertise here

Published by Jennifer Stanbridge for Space Air Solutions in Housing

Quick, take advantage of the reduced VAT rate of 5% on energy saving materials, which includes Air Source Heat Pumps, as this may all change this year! How the reduced VAT rate works - The reduced rate mainly applies to residential properties. Equipment and installation costs for a qualifying project must be on the same invoice to benefit from the reduced rate of VAT. Therefore, the contractor will purchase an Air Source Heat Pump at the standard rate VAT (20%), but will sell to the qualifying fi...

Read full article...