Possible VAT reduction on public charging to 5%

[tsedge]

Now being reported in various places.

NB: Not definite and not until Autumn budget.
NB: Effectively between 5p and 10p per kWh reduction depending on the price you pay (assuming a range from 40p/kWh to 80p/kWh).

https://www.vatcalc.com/uk/uk-vat-cut-on-public-ev-charging/

 

[tsedge]

EVM reporting in terms of pence per mile impact, may offset the 3p per mile tax for high mileage rapid charging folks:

 

[wandle MG4]

Fingers crossed it will happen but I am sceptical. Even if VAT is reduced it won’t take long for greedy charge point operators to put prices up again

 

[tsedge]

Yes, it is a good point to question if operators will actually pass the whole cut on or just raise margins. Plenty of controversies over fuel prices in this regard.

 

[EvTek23]

Autoexpress has released an article outlining an initial ruling on VAT on public charging being reduced to 5%

EV drivers to save £15 per charge? Landmark VAT ruling could be huge | Auto Express

First-tier tribunal declares public charging should be subject to five per cent VAT, with huge potential savings for drivers

www.autoexpress.co.uk

 

[salty]

Sounds great in Theory. But will we actually see it. Certainly hope so.
Plus the anti-EV'ers will be up in bloody arms. It's not fair God forbid we get owt.

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[Ian Key]

The operators will follow the example set by the petrol stations when the price of oil goes down i.e. nothing.