Published: 17th Feb 2021

A cross-party group of MPs has called for a reduction in VAT for recycled goods and energy efficiency measures to help boost the post-pandemic economy. A new report out today (17 February) from the environmental audit committee (EAC) urges the government to use the current crisis to create a greener, more resilient economy. It calls for VAT reductions to repair services and items that have been recycled to encourage a circular economy. The report also recommends VAT reductions on energy efficiency upgrades in homes and tax incentives to encourage more take-up of ultra-low emission vehicles could make greener options more attractive to consumers. It also suggests the government should also consider applying carbon taxes in areas across the economy. The report states the government should use the upcoming transport decarbonisation strategy to set out plans for long-term investment in public transport, and enhance travel infrastructure to support more walking and … (To read the full article, subscribe below)