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The super-deduction encourages firms that pay corporation tax to bring forward their investment in plant and machinery.

The Government must cut VAT on home improvement works to reverse the decline in private repair and maintenance activity.

This report in partnership with RICS shows that a temporary five year cut would generate an economic stimulus of £51 billion and unlock 345,000 jobs, in construction and the wider economy. 

A VAT cut on home improvement works from 20% to 5% for a temporary five year period would generate an economic stimulus worth...

Cutting VAT on the installation of domestic energy efficiency improvements and low carbon heating technology would help...

The Government must scrap new tax policy ‘reverse charge VAT’ to show they are listening to builders and protecting jobs...

Reverse charge VAT came into effect on 1 March 2021. Businesses should be implementing a reverse charge where appropriate.

The Federation of Master Builders (FMB), together with 30 organisations in the construction industry, is calling on the Government to stop reverse charge VAT...

The recovery in construction activity reported in today’s Construction PMI data can be accelerated if the Government takes decisive action in its March Budget.

The Government must cut VAT on home improvement works to 5% to boost jobs and stimulate the economy.

Following a cross-industry campaign to delay the implementation of reverse charge VAT for construction, the Government has announced it will be pushed back by five months which will give small businesses in the supply chain much-needed breathing space to work towards recovering cashflow.

The FMB has jointly written to the Chancellor of the Exchequer, along with 15 other leading construction organisations, to request a delay to the introduction of reverse charge VAT.

The Chancellor has delivered a ‘first aid Budget’ to overcome the short-term crisis caused by COVID-19 but has missed an important opportunity to announce interventions that would support the sustainable, long-term recovery construction needs.

Ahead of the Chancellor’s first Budget on Wednesday 11 March, we are calling on the Government to cut VAT on home repair and renovation works to boost economic growth nationwide and help level up across the country.