A no VAT policy on home improvement installations would be a win-win situation, according to the Consumer Protection Association.
The organisation has launched a campaign to remove VAT on home improvement products in order to further boost the economy, improve the housing stock and eradicate the black market. They have also highlighted the discrepancy between taxation levels on new build and refurbishment work.
Director Jeremy Brett, commented: "If you knock down a house and start again you don’t pay VAT but if you want to improve your home, you do. This makes no sense."
The Consumer Protection Association has started an online government petition, where it hopes to find 100,000 signatures, to ensure the issue gets debated in Parliament
Jeremy Brett added: "Getting rid of VAT on home improvement products would be a massive boost for the industry."
For more information, please click here.