Skip to content
Back to outputs

Incentivising design quality and sustainability: VAT is a powerful tool and changing the rates can incentivise the sustainability agenda

Research output: Book/ReportOther report

Standard

Harvard

APA

Vancouver

Author

Bibtex

@book{6f808b09a79d4ce9bf924c266855297a,
title = "Incentivising design quality and sustainability: VAT is a powerful tool and changing the rates can incentivise the sustainability agenda",
abstract = "The majority of CO2 emissions in the built environment emanate from the existing building stock along with a smaller quanity from the process of new construction. The focus should therefore be on improving existing buildings wherever possible. Current VAT rates incentivise CO2 emissions by distorting the construction market in favour of new build. In the residential sector, the current VAT rate encourages new build construction rather than improving existing buildings, even when saving energy. For private and public (public/private) finance the different VAT rates divert resources towards new construction.Not only do current VAT rates incentivise emissions, they distort the market and its ability to respond to other policy objectives. This distortion is a major constraint for sustainable green procurement policy.There is a need to reappraise ways in which the VAT system can be used to help progress the Government{\textquoteright}s low carbon agenda, in a balanced, more fiscally neutral way.",
keywords = "architecture, construction, procurement, VAT, policy, fiscal policy, retrofitting, refurbishment process, design",
author = "Walter Menteth",
year = "2013",
month = feb,
language = "English",
publisher = "RIBA",
address = "United Kingdom",

}

RIS

TY - BOOK

T1 - Incentivising design quality and sustainability

T2 - VAT is a powerful tool and changing the rates can incentivise the sustainability agenda

AU - Menteth, Walter

PY - 2013/2

Y1 - 2013/2

N2 - The majority of CO2 emissions in the built environment emanate from the existing building stock along with a smaller quanity from the process of new construction. The focus should therefore be on improving existing buildings wherever possible. Current VAT rates incentivise CO2 emissions by distorting the construction market in favour of new build. In the residential sector, the current VAT rate encourages new build construction rather than improving existing buildings, even when saving energy. For private and public (public/private) finance the different VAT rates divert resources towards new construction.Not only do current VAT rates incentivise emissions, they distort the market and its ability to respond to other policy objectives. This distortion is a major constraint for sustainable green procurement policy.There is a need to reappraise ways in which the VAT system can be used to help progress the Government’s low carbon agenda, in a balanced, more fiscally neutral way.

AB - The majority of CO2 emissions in the built environment emanate from the existing building stock along with a smaller quanity from the process of new construction. The focus should therefore be on improving existing buildings wherever possible. Current VAT rates incentivise CO2 emissions by distorting the construction market in favour of new build. In the residential sector, the current VAT rate encourages new build construction rather than improving existing buildings, even when saving energy. For private and public (public/private) finance the different VAT rates divert resources towards new construction.Not only do current VAT rates incentivise emissions, they distort the market and its ability to respond to other policy objectives. This distortion is a major constraint for sustainable green procurement policy.There is a need to reappraise ways in which the VAT system can be used to help progress the Government’s low carbon agenda, in a balanced, more fiscally neutral way.

KW - architecture

KW - construction

KW - procurement

KW - VAT

KW - policy

KW - fiscal policy

KW - retrofitting

KW - refurbishment process

KW - design

M3 - Other report

BT - Incentivising design quality and sustainability

PB - RIBA

ER -

ID: 7921751