Monthly Archives: "July, 2019"

New PM’s Cabinet reshuffle includes COP26 President
in Blog
Prime Minister, Boris Johnson has undertaken a huge overhaul of cabinet ministers; officially the biggest clear out of Cabinet without a change of party in power. Boris Johnson oversaw 17 ministers being sacked or resigning from their posts. Both the BEIS Secretary and the Energy Minister have left as part of the new-look Government, which also includes a significant reshuffle at Defra. Former Environment Secretary Andrea Leadsom has replaced Greg Clark as Secretary of State for Business, Energy and Industrial...

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VAT Changes to the Reduced Rate for Turbines
in Blog
The Government has introduced a measure to remove the reduction in the 5% VAT rate for the installation of wind turbines and water turbines. Businesses that provide and install energy-saving materials (ESMs) and customers who have the ESMs installed will be affected. The measure brings consistency with the requirements of existing legislation governing the application of VAT in the EU. The UK is required to follow the judgement of the CJEU (Case C-161/14), which narrows the scope of the...

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UK Green Finance Strategy Supports 2050 Zero Emissions Goal
in Blog
The Government has revealed its landmark Green Finance Strategy, outlining plans to increase investment in sustainable projects and infrastructure. how the finance sector and better climate disclosure from corporates can drive progress towards wider action on climate change and the push towards net-zero emissions. The Economic Secretary to the Treasury and City Minister, John Glen, made the announcement at the third Green Finance Summit in London, stating that financial services will have a bigger role to play than any...

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