Buildings: VAT

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of reducing the rate of VAT on refurbishment, repair and maintenance of buildings from 20 per cent to five per cent.

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Timeline

1. 8 January 2021

   Written question

   To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of reducing the rate of VAT on refurbishment, repair and maintenance of buildings from 20 per cent to five per cent.

   Source: Commons

2. 13 January 2021

   Answer

   The Government already maintains a reduced rate of VAT at five per cent, subject to certain conditions, for residential renovations. Introducing a zero rate of VAT would come at a significant cost to the Exchequer, estimated at about £4 billion per year, ...

   Source: Written answer

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• · Treasury · Answering body

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