V4.406 Fuel and power
The reduced rate of 5% applies to supplies and importations of fuel and power of a description falling within VATA 1994, Sch 7A1. The Treasury may by Order vary Sch 7A2.
Prior to IP completion day3 the reduced rate also applied to acquisitions from EU member states but the concept of acquisitions was broadly abolished in the UK after this date as a result of the UK's departure from the EU.
The provisions of VATA 1994, s 7A continue to apply in respect of acquisitions in Northern Ireland4 (which largely remains subject to EU VAT rules in respect of goods). For Northern Ireland acquisitions, see V3.602.
Fuel and power qualifying for the reduced rate
Supplies and importations of fuel and power qualify for the reduced rate of 5% if both:
- Ìý
•ÌýÌýÌýÌý they fall within one of the following categories5:
- Ìý
- Ìý
–ÌýÌýÌýÌý coal, coke or other solid substances held out for sale solely as fuel
- Ìý
–
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