The Government introduced VAT relief from April 2022 for Energy Saving Materials (ESM), this includes air conditioning systems that provide cooling and heating.
The zero-rated VAT announcement is designed to drive the uptake of carbon reducing technologies and help cut energy bills for millions of households. This news comes as relief for many, as this decision will help consumers across the country, whilst helping the UK to work towards its goal of Net-Zero.
We are all aware of increasing prices of energy, which is why now is a good time to consider changing how you heat your home. As more electricity is being produced through solar panels and wind turbines, electricity will in turn always be cheaper than fossil fuels.
Air conditioning is greener and more cost effective than gas central heating, the air conditioning systems we supply and install boast energy A+++ rated.
The Building Engineering Services (BESA) described these initiatives as “a significant boost” to the UK’s plans for decarbonising buildings and estimates that this could save businesses more than 200 million while helping the UK to achieve its net zero ambitions.
The guidance from the HMRC Spring statement states 0% VAT will run from 1st April 2022 to 31st March 2027 allowing for 5 years of savings. Take advantage of this massive saving whilst it applies!
At SB-Refrigeration and Electrical Engineers we are delighted with this news which means our customers benefit from lower prices whilst helping the environment at the same time.
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