Grid-side energy storage VAT rate
Will UK slash VAT on battery storage systems? From 1st February 2024, the UK government will implement a monumental new policy to slash VAT on battery storage systems to 0% in order
The reduction will apply to battery storage projects across the entire UK up until 31st March 2027. After this date, the VAT rate will rise to the reduced rate of 5% rather than reverting to the original 20%. Who Benefits from the VAT Cut? The 0% VAT on energy storage is poised to benefit:
Contact Graeme at [email protected] or on +44 (0)1923 634 243 VAT relief is available on certain energy-saving materials. Hillier Hopkins explains eligibility rules and how to benefit from savings.
The 0% VAT on energy storage is poised to benefit: Essentially, the tax break makes energy storage more financially attractive across residential, commercial and utility-scale applications. Why is This Policy Significant?
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