HMRC has issued guidance on a temporary zero rate of VAT applying to qualifying domestic electricity supplies across England, Wales and Scotland. The policy reduces the VAT burden on household electricity purchases during the temporary relief period. Businesses involved in electricity supply and customs specialists handling VAT compliance should review the brief to understand which supplies qualify and any relevant compliance requirements. The measure forms part of the government’s support for household energy costs.
Source: HMRC (GOV.UK) – Read the original