TaxPersonal TaxLords committee wants to scrap VAT on electrical goods repairs

Lords committee wants to scrap VAT on electrical goods repairs

Abandoning VAT charges for repairing fridges and TV’s will ease pressure on landfill sites

The cost of repairing electrical goods such as TVs, fridges and vacuum
cleaners should not be subject to VAT to discourage people from dumping their
old equipment, a government committee has recommended.

The House of
Lords Science Committee
said that more and more faulty electrical goods are
simply being replaced with new models as customers are not prepared to pay the
high costs of repairs when new appliances are getting cheaper. Scrapping VAT on
repairing these goods would encourage people to retain the goods for longer and
reduce the amount of waste going to landfill sites, the committee argues.

Costs of repairing a vacuum cleaner can be up to £50, TV’s, cameras and
computers are often more than £100 while calling in a plumber or electrician for
a faulty fridge or washing machine can be even more,
The
Times
reports.

Further reading:

Scrapping zero VAT rate will
help poor families, says IFS

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor