GGF Urges Chancellor “Boost Our Industry”

Date: 26 February 2015
Source: www.ggf.org.uk

Date: 26 February 2015

Ahead of next month’s Budget, the Glass and Glazing Federation (GGF) has written to the Chancellor, George Osborne MP to outline GGF Members’ concerns on several issues that are affecting the Glass and Glazing industry.

In his letter to the Chancellor, Nigel Rees, GGF Group Chief Executive, referenced the importance of energy efficient windows for homeowners and growth in both local and national economies.The GGF highlighted how the 20% rate of VAT has created an uneven and unfair playing field that energy efficient installation companies and homeowners face when installing energy efficient glazing.

Nigel Rees commented “Like most other energy efficient products, windows and doors that have been specifically designed to save energy should receive the lower 5% rate of VAT that applies to other energy efficient products. There are significant long term benefits if the VAT rate on energy efficient glazing is reduced from the current rate of 20% to a rate of 5%. This inequality is both a disincentive for homeowners to install energy efficient glazing and also a trading disadvantage for glass and glazing companies. Once again, we urge the Treasury to seriously look at the possibility of reducing the VAT rate to boost our industry and the economy as well as improving the UK’s housing stock over the next ten years and beyond.”

Also in the letter the GGF outlines the lack of incentives for homeowners to make their homes more energy efficient through schemes such as the Green Deal and ECO, with the suggestion of an incentive through a lower rate or refund in council tax.

Chancellor George Osborne will announce the Government’s Budget 2015 on Wednesday 18th March 2015.

600450 GGF Urges Chancellor “Boost Our Industry” glassonweb.com

See more news about:

Others also read

Viprotron North America is excited to welcome Kingston Eck as its new President, bringing extensive industry experience and leadership to drive the company’s continued growth and innovation.
Sparklike is pleased to announce that Trend Trade & Trans Trade Intl Co., Ltd. has been appointed as its new official distributor in South Korea.
The Fenestration and Glazing Industry Alliance (FGIA) has named three new Honorary Members of the Association.
Guardian Glass has published new Environmental Product Declarations (EPDs) for its portfolio of processed and unprocessed flat glass produced in Thailand.
GPD 2025 is just around the corner, and tickets are officially on sale!
Precision Glass Industries (PGI) is proud to announce the opening of its second location, a cutting-edge 135,000-square-foot fabrication campus in Conroe, Texas.

Add new comment