Cut The VAT
Campaign
An estimate of the effects of a reduction
in the rate of VAT on housing renovation
and repair work: 2015 to 2020
A three-way relationship
is needed to drive forward change
Improve the UK economy
If government were to reduce VAT from 20% to 5% on the labour element of all housing renovation and repair work from 2015 to 2020.
Environmental and social benefits
The reduced 5% rate in VAT will also benefit the environment as more consumers install energy efficiency measures.
Job creation
The additional employment levels will lead to a reduction in payments of unemployment benefits and other social benefits