Construction Manager - News
The Court of Justice of the European Union last week ruled that the UK will no longer be able to offer a reduced 5% rate of VAT on energy-saving products for homes – a decision that drew an angry response from the Energy Saving Trust and insulation products manufacturer Knauf.
A statement from the EU court read: “The United Kingdom cannot apply, with respect to all housing, a reduced rate of VAT to the supply and installation of energy-saving materials, since that rate is reserved solely to transactions relating to social housing.”
Cameron claims to want to stop Europe meddling in our affairs, so perhaps he could start with this one. Clearly insulation products will now be going up in price.
On a wider note, is Cameron really up to the job of re-negotiating our relationship with the EU? He has been slapped down so many times.
For all her faults, Maggie would not have been so spineless when dealing with Europe.
The Court of Justice of the European Union last week ruled that the UK will no longer be able to offer a reduced 5% rate of VAT on energy-saving products for homes – a decision that drew an angry response from the Energy Saving Trust and insulation products manufacturer Knauf.
A statement from the EU court read: “The United Kingdom cannot apply, with respect to all housing, a reduced rate of VAT to the supply and installation of energy-saving materials, since that rate is reserved solely to transactions relating to social housing.”
Cameron claims to want to stop Europe meddling in our affairs, so perhaps he could start with this one. Clearly insulation products will now be going up in price.
On a wider note, is Cameron really up to the job of re-negotiating our relationship with the EU? He has been slapped down so many times.
For all her faults, Maggie would not have been so spineless when dealing with Europe.