The Construction Products Association has called for the Treasury to cut VAT on all domestic repair and maintenance.
In a pre-budget submission to the chancellor, CPA president Roy Harrison said a reduction in VAT from 17.5% to 5% would encourage urban regeneration and stimulate the flagging quality mark scheme. Harrison also pressed the Treasury to extend the number of energy-saving products that attract a lower rate of VAT, and called for a review of transport taxes and a reduction in fuel duty paid by heavy goods vehicles through a rebate in the tax system.
The CPA is also asking for a reduction in stamp duty on the sale of commercial property.
