Thread: Tax Cuts!
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Old 23-11-2008, 09:08   #16
derekgas
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Re: Tax Cuts!

(quote andrewb) What I want tomorrow is a massive tax cut on energy saving products. Not only is it good for the environment, but buying energy saving products is a fantastic way to reduce fuel bills which can really help people out financially.

We already have reduced vat on energy saving products, energy efficient boilers for example attract 8% vat, the company buying the boiler pay 8%, but it is still 17.5% to the end user, so it does reduce the invoice to the customer, but not as much as it could if the 8% was for the total job, and not just for the purchase of the boiler, if joe public bought a boiler, I am fairly sure it would be at 17.5%, because the distributors know you cant claim the vat back. Fuel duty at 57p per litre would be the wisest place to cut tax at this present time.
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