UK VAT relief on residential batteries comes into effect

Effective Feb. 1, the UK government has exempted retrofitted battery energy storage systems (BESS) from the 20% value added tax (VAT).Residential BESS are now exempt from VAT in the United Kingdom when installed either new or retroactively in conjunction with rooftop solar systems. Previously, VAT relief was only available for domestic BESS if installed together with a new solar energy system. As of Feb. 1, a VAT zero rate will also apply to retrofitted residential BESS. The VAT relief also applies to BESS when installed in charitable buildings. Extending zero-rating VAT relief to cover retrofitted ...

Den vollständigen Artikel lesen ...