Buildings: VAT

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment with Cabinet colleagues of the potential impact of the level of VAT applied to (a) building refurbishment and renovations and (b) new build projects on resource efficiency in the constr

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Timeline

1. 22 February 2024

   Written question

   To ask the Chancellor of the Exchequer, if he will make an assessment with Cabinet colleagues of the potential impact of the level of VAT applied to (a) building refurbishment and renovations and (b) new build projects on resource efficiency in the constr

   Source: Commons

2. 27 February 2024

   Answer

   The construction of certain new-build properties, including residential buildings, is subject to a VAT zero rate to encourage the construction of new homes. A reduced rate of VAT at five per cent is also maintained, subject to certain conditions, for resi...

   Source: Written answer

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• · Treasury · Answering body

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