Value Added Tax On Repairs And Maintenance To Existing Buildings
EDM number 6 in 2012-13, proposed by Bob Russell on 09/05/2012.
Categorised under the topics of Housing and Taxation.
That this House supports calls from the Federation of Master Builders for a reduction in the rate ofVAT to five per cent on building repair and improvement work to existing buildings; believes that reducing VAT on repairs and maintenance to existing buildings would benefit millions of UK home owners by getting rid of rogue builders, helping those who cannot afford vital repairs to their homes, bringing empty homes back into use, and protecting the countryside and UK heritage; considers that reducing VAT to five per cent in this area would also make it easier for home owners to make energy efficient repairs and improvements to their properties, thus helping to make the UK's existing building stock greener and more energy efficient; and notes that, with buildings responsible for 40 per cent of the UK's total carbon emissions, this measure would go some wayto helping the Government to meet its target of a 60 per cent reduction in UK carbon emissions by 2050.
This motion has been signed by a total of 36 MPs.
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