Final up to date: 11 November 2019
How the New 20% Photo voltaic VAT Will Have an effect on You
Quickly after the British parliament introduced an environmental disaster, HMRC declared that from 1 October the VAT for putting in photovoltaic systems will enhance from 5% to twenty%.
In accordance with the Home of Commons briefing paper, the brand new adjustments are utilized in an effort to adjust to the European VAT laws.
This motion will lead to larger costs for installing solar panels and would subsequently make the interval for returning your funding longer.
Nevertheless, the brand new guidelines is not going to have an effect on provides and contracts created earlier than 1 October. Subsequently it’s a good choice to get your photo voltaic panel system earlier than the enforcement of the brand new VAT regulation.
In case you are able to put money into photo voltaic panels, then merely fill within the contact kind and GreenMatch will give you as much as 4 quotes from trusted suppliers within the UK. This service is totally freed from cost and with out obligations!