VAT & Energy Saving Materials
VAT Scrapped for Energy Saving Materials
Announced in the Spring Budget 2022 the Chancellor stated that VAT will be reduced to 0% for installations of energy saving materials, this includes Air Source and Ground Source Heat Pumps. This offers further savings for those looking to apply for the Boiler Upgrade Scheme.
This new VAT guidance will apply to all installations between 1st April 2022 and 31st March 2027 and will apply to not only th e installation of the heat pump but also the associated energy saving materials installed at the same time and to work with the heat pump including upgraded radiators and new hot water cylinders In order for an installation to qualify the installation company has to supply and install all materials and labour on installation only will be charged at normal rates.
What can Swift do?
As an accredited heat pump installer we can provide you with a survey and quotation and further information on the Boiler Upgrade Scheme, the quotation provided will show no VAT and give you an expectation of what you will need to pay for the installation.