Reducing VAT On Energy Saving Materials

EDM number 383 in 1994-95, proposed by Alan Simpson on 12/01/1995.

That this House welcomes the introduction of the Energy Saving Materials (Rate of Value Added Tax) Bill by a cross- party group of honourable Members on 11th January; notes that the Bill will reduce the level of VAT payable on energy saving materials to 8 per cent. and that this is the same amount of VAT payable on fuel bills; agrees with the view of the former Chancellor of the Exchequer, the Right honourable Member for Kingston-upon-Thames, that a higher level of VAT on energy saving than that existing on energy use 'makes a nonsense of any attempt to use the tax system to improve the environment'; and hopes that the House will find the time to enable the Bill to become law.

This motion has been signed by a total of 335 MPs, 1 of these signatures have been withdrawn.