Online petition to scrap VAT for building repairs

Did you know that currently VAT is exempt on materials to build new properties in the UK – but to repair anything the full 17.5% rate applies?

This flies in the face of government targets to reduce the carbon emissions by 60 per cent by 2050 and actively encourages more building to be built.

What can be done about it?

There is a petition on the 10 Downing street website that you can sign today – petitioning to lower the VAT for repair and maintenance materials to 5% from the 17.5% rate.

What else would a reduction to 5% provide?

A reduction of VAT to 5% in this area would not only assist individuals and businesses with maintaining and improving their existing properties but, by increasing the amount of building and maintenance repair work undertaken, this move will also be keeping the nation’s highly skilled employees in work during these difficult times. These trades people are a valuable asset to the industry as a whole and this is a vital opportunity to maintain and stimulate employment levels in the wider market.

If you have two minutes could you visit the petition page (http://petitions.number10.gov.uk/repairingbritain/) and fill in your details, I am trying to get 10’000 votes by April the 14th so your vote will really help!

There is also a Facebook fanpage which you can join to show your support of this worthwhile petition. http://www.facebook.com/pages/Rok-Repairing-Scotland/353891438971