Fed­er­a­tion urges lee­way on tax

Yorkshire Post - Property - - FRONT PAGE -

THE Fed­er­a­tion of Mas­ter Builders is call­ing on the Gov­ern­ment to re­verse its decision to re­duce the Stamp Duty thresh­old for first time buy­ers from the end of March.

It is also call­ing on it to in­tro­duce the re­duced rate of five per cent VAT for all home en­ergy ef­fi­ciency in­stal­la­tions to sup­port the Green Deal.

A spokesman said: “A re­duced rate of VAT is a log­i­cal step that will make en­ergy ef­fi­ciency mea­sures more af­ford­able and Green Deal pack­ages more at­trac­tive. Re­cent by the FMB sug­gests this change would come at a rel­a­tively small cost to the Trea­sury and would help to achieve a num­ber of en­vi­ron­men­tal, eco­nomic and so­cial pol­icy ob­jec­tives.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.