Realist, not conformist analysis of the latest financial, business and political news

HMRC Blamed For EU Vat Hike On Solar Panels

According to the Grauniad those rotters at HMRC have done something totally ungreen:

HMRC pushes steep VAT increase for new solar-battery systems

Treasury proposes rise from 5% to 20%, while the tax on coal will stay at lower rate

Don’t they know there is a climate emergency on? The ‘Independent’ does:

Climate crisis: Huge VAT rise on solar panels makes installation ‘entirely uneconomic’, say experts

‘We could not have a clearer sign the government has failed to even begin to grasp the urgency’, says Green Party co-leader

Sian Berry, co-leader of the Green Party told The Independent: “A climate emergency has been officially declared, yet we could not have had a clearer sign that the government has failed to even begin to grasp the urgency. Renewables, with energy conservation, are the future, yet once again the government is knocking them back.

And the delicious thing about all this is that it is not actually HMRC or our Government that want to do this.  It’s EU law.  EU law forced on us from Brussels despite our desire to not do it.  You have to go quite a long way through the articles to find that little nugget.

It’s EU law we have to comply with because we are still in the EU. You know, that EU that the Grundy and Indy are onanastically obsessed with us staying in.  The EU that Green party official policy is that we should stay in at all and any cost.

If we had left clean in March none of this would have happened.  It would have if we’d signed the WA though, which tells you that we best leave without going through the EU’s torture dungeon.  We could then dump this VAT law as soon as we do so.

Leaving the EU on WTO terms is, in fact, the Greenest thing to do.

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