Post by Baron von Lotsov on Dec 8, 2022 14:25:31 GMT
For the Brits
As part of the Spring Statement 2022, the Chancellor made the welcome announcement that from 1 April 2022 until 31 March 2027 VAT on installing energy-saving materials (ESMs) in residential properties will be 0% in Great Britain. This is a cut from the current rate of 5%, and a change which Solar Energy UK and other trade bodies had called for. The measure is intended to incentivise the take-up of ESMs in line with the government’s net zero objectives.
Summary of changes:
VAT on a range of domestic energy efficiency and renewable energy installations, including solar, is now 0% in Great Britain. This is a reduction from the previous rate of between 5% and 20%
Eligible installations are those included on the Government’s list of Energy Saving Measures (ESMs). The list is available at www.gov.uk/guidance/vat-on-energy-saving-materials-and-heating-equipment-notice-7086.
The reduced rate will apply from 1 April 2022 until 31 March 2027, unless the government introduces further legislation to extend its implementation.
Summary of changes:
VAT on a range of domestic energy efficiency and renewable energy installations, including solar, is now 0% in Great Britain. This is a reduction from the previous rate of between 5% and 20%
Eligible installations are those included on the Government’s list of Energy Saving Measures (ESMs). The list is available at www.gov.uk/guidance/vat-on-energy-saving-materials-and-heating-equipment-notice-7086.
The reduced rate will apply from 1 April 2022 until 31 March 2027, unless the government introduces further legislation to extend its implementation.
solarenergyuk.org/resource/vat-on-solar-and-battery-storage/?cn-reloaded=1
For the Europeans
EU maintains anti-subsidy and anti-dumping duties on solar glass from China
The European Commission has concluded that there are no compelling reasons to scrap definitive countervailing and anti-dumping measures on solar glass imports from China. Currently, the anti-subsidy duties range from 3.2% to 17.1%, while anti-dumping tariffs are between 17.5% and 75.4%.
The European Commission has concluded that there are no compelling reasons to scrap definitive countervailing and anti-dumping measures on solar glass imports from China. Currently, the anti-subsidy duties range from 3.2% to 17.1%, while anti-dumping tariffs are between 17.5% and 75.4%.
The European Commission has decided to maintain anti-subsidy and anti-dumping duties, first introduced in May 2014, on solar glass imported from China.
The new measures went into force on July 23. In May 2019, the European Commission initiated a review of the duties. The review was set to cover the period from Jan. 1, 2018, to Dec. 31, 2018.
The new measures went into force on July 23. In May 2019, the European Commission initiated a review of the duties. The review was set to cover the period from Jan. 1, 2018, to Dec. 31, 2018.
For Americans
Dec 2 (Reuters) - The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday.
The preliminary decision was bad news for U.S. solar project developers that rely on cheap imports to fuel their growth, but fell short of the industry's worst fears that Washington would impose new tariffs to cover all solar shipments from the region, instead of just those from specific companies.
U.S. President Joe Biden has set a goal to decarbonize the nation's power sector
The preliminary decision was bad news for U.S. solar project developers that rely on cheap imports to fuel their growth, but fell short of the industry's worst fears that Washington would impose new tariffs to cover all solar shipments from the region, instead of just those from specific companies.
U.S. President Joe Biden has set a goal to decarbonize the nation's power sector
