PARLIAMENTARY EARLY DAY MOTION
REDUCING VAT ON ENERGY SAVING MATERIALS (12 January 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.

Sponsored by:
Alan Simpson (Labour)