Green exemption from business rates
In the 2021 Autumn Budget, the government announced new measures to support green investment and the decarbonisation of buildings, to apply from April 2023.
The first measure was an exemption for eligible plant and machinery used in onsite renewable energy generation and storage, such as;
- rooftop solar panels
- wind turbines
- battery storage
- electric vehicle storage points
The 'green plant and machinery exemption' will take effect once the regulations have come into force, which will be as soon as possible after 1 April 2022. The VOA will work to implement this exemption over the coming months, and it'll be backdated to the date the regulations came into force.
At the Spring Statement on 23 March, the Chancellor announced that the Government would bring forward this investment in energy efficiency and clean heat to support the security of energy supply. This measure will therefore come into effect one year earlier than previously planned and be implemented from April 2022.
Once official reports are received from the VOA confirming changes to relevant accounts, our records will be updated.
Find out more about the Low-carbon Heat Relief.