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tax

UK under fire for battery storage tax hike proposal

Thu, 05/09/2019 - 09:47 -- John Shepherd
UK under fire for battery storage tax hike proposal

UK proposals to increase tax on low-carbon technologies such as battery storage— announced as Britain had its first week without using electricity from burning coal since the 1880s— have come under fire from the renewables industry.

The surprise bid to increase value added tax (VAT) rates on a range of technologies, also including solar and biomass boilers, was made during a consultation launched by the government’s tax collector HM Revenue and Customs (HMRC).
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India cuts lithium-ion tax ‘to boost battery investments’

Tue, 08/07/2018 - 12:01 -- John Shepherd
India cuts lithium-ion tax ‘to boost battery investments’

The tax rate on lithium-ion batteries in India has been reduced from 28% to 18% in a bid to boost the country’s electric vehicle industry.

The cut announced by the Goods and Services Tax Council (GST), which was set up by the Indian government, was not as much as had been expected.

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