Spring statement: Chancellor brings forward green business rate relief

Homes with solar panels

Spring statement also removes VAT from installation of domestic solar panels and wind turbines

Chancellor Rishi Sunak has set out plans to bring forward a business rates exemption for companies investing in green technology, such as solar panels and battery storage, in his Spring Statement.  

He told the House of Commons the measure would come into effect on 1 April this year rather than the same date next year, as he announced in 2021’s autumn budget.

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