Lords 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

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource