Finance
UK’s Sunak considers cutting VAT on household energy bills- FT
Published by maria gbaf
Posted on October 18, 2021
1 min readLast updated: January 29, 2026
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Published by maria gbaf
Posted on October 18, 2021
1 min readLast updated: January 29, 2026
UK finance minister Rishi Sunak may cut the 5% VAT on household energy bills, as part of budget considerations. No decision has been finalized.
(Reuters) – British finance minister Rishi Sunak is considering a cut to the 5% rate of value-added tax on household energy bills, the Financial Times reported https://on.ft.com/3aMyzo8 on Sunday.
Government officials briefed on the Budget preparations said Sunak had looked at reducing the 5% VAT, but no decisions had been taken yet, the newspaper added.
(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Emelia Sithole-Matarise)
The main topic is the potential reduction of VAT on household energy bills in the UK, considered by finance minister Rishi Sunak.
The VAT cut is being considered as part of budget preparations to potentially ease the financial burden on households.
The potential VAT cut was reported by the Financial Times, citing government officials.
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