Organisations spanning the construction and property sectors are writing and signing a letter to the Westminster Party Leaders asking for a reduction on VAT.
The campaign is asking the next UK Government to reduce VAT from 20% to 5% on home improvements in the hope it would unleash investment in housing, stimulate the economy and help the UK transition to zero net carbon emissions.
Leading the charge are the Federation of Master Builders and the British Property Federation.
Melanie Leech, Chief Executive of the British Property Federation, said:
“Reducing the rate of VAT on all repairs, maintenance and management of residential property would support the greening and improvement of our housing stock and help the build to rent sector deliver more homes.
“We therefore urge the next Government to support the Cut the VAT campaign.”
Brian Berry, Chief Executive of the Federation of Master Builders, said:
“The four main parties must go further in their policy pledges to promote and incentivise energy efficiency works.
“Given that homeowners tend to complete these tasks as a consequence of larger home improvement works the rate of VAT on repair and maintenance work needs to be reduced from the current 20% to 5%.”
