26
Apr, 2023
The government has today (Wednesday, 5 April) approved a report stage amendment brought forward by Minister for Finance Michael McGrath to Finance Bill 2023. The Bill gives legislative effect to the taxation measures recently announced by the government, the purpose of which is to continue to assist families and businesses deal with high energy prices and cost of living challenges.
An additional measure in relation to solar panels has now been agreed. This measure is possible due to amendments made to Annex III of the VAT Directive in 2022, which added a number of new categories to which Member States can apply a zero or reduced rate of VAT. One such option is to apply a zero rate within category 10c which is for the ‘Supply and installation of solar panels on and adjacent to public and other buildings used for activities in the public interest, housing and private dwellings’.