Home / News / Rockwool chief calls for VAT help on Green deal

Rockwool chief calls for VAT help on Green deal

Hans Schreuder, managing director of insulation manufacturer Rockwool is calling for a cut in VAT on refurbishment work to kick-start the Government’s Green Deal programme.

Schreuder believes that a cut in the tax rate on refurbishment will encourage homeowners to take up the Green Deal.

The Green Deal is a Government initiative, designed to encourage householders to improve the energy efficiency of the 26 million UK dwellings.

He told the Construction Enquirer: “The whole Green Deal programme is potentially a massive new market but it will need something to kick-start it.

To stop cowboy firms muscling in, Schreuder believes that householders should have to use an authorised installer to benefit from the VAT cut.

“This is a great opportunity for the Government. It has launched the Green Deal to create a massive new industry and can give that a helping hand with tax breaks.

“That would also help the private sector led recovery in the construction industry.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

Keyline achieves 10th FORS Gold marker

Civil building materials distributor Keyline Civils Specialist, part of Travis Perkins Plc, has achieved FORS …