Specialist distributor of Damp Proofing Products

Providing high quality damp proofing products to solve for a wide range of problems including, rising damp, condensation, basement flooding and masonry water sealing..

Campaign to reduce VAT on home renovations and repairs

Cut VAT on home rennovations and repairs now!


This petition is to the Chancellor of the Exchequer, George Osborne, asking him to reduce the VAT on home repairs and rennovations. This is needed to get people making improvements to their homes in order to improve their standards of living, meet energy efficiency targets and stimulate the economy

This campaign was inspired by the Federation of Master Builders European Commission’s Review of Existing Legislation on VAT Reduced Rates*

We are looking to get people in the UK to make improvements to their homes in order to make them better places to live and to make them more energy efficient. A tried and tested method used in other EU countries is to reduce or remove the VAT on these works. 

In addition, this reduction will help legitimate business operating in the sector, by reducing the competitive advantage that cash-in-hand, none-VAT charging tradesmen have in their costs

Analysis from Experian shows that a reduction in VAT from 20% to 5% on home rennovation works would increase the demand for these services by 5%. By 2020 this would lead to a total economic stimulus of £20 billion and 100,000 new jobs. In addition it would help the Government hit its ambition targets of reducing carbon emissions by 80% by 2050.

These VAT reductions applied to home efficiency projects could help alleviate the increase in fuel poverty caused by the 71% increase in home energy bills over the past 5 years. This has lead to 24% of all households having to spend 10% or more of their income on energy – the UK’s definition of fuel poverty

Therefore we are asking George Osborne to make this sensible reduction in VAT, in a sector that could quickly use the reduction in costs to create UK based demand, economic growth and jobs. 




*See http://www.fmb.org.uk/news/campaigns/cut-the-vat/
 

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