UK’s Boiler Tax Scheme Postponed By A Year As Costs Could Rise To £200 by 2025

UK: The boiler tax scheme has been postponed by the authorities due to concerns that the levy could rise to £200 by 2025. This strategic move is part of the government's net zero policy, which requires boiler manufacturers to sell more heat pumps. Net Zero campaigners and consumer rights organizations have criticized the scheme, which would have required manufacturers to ensure 4% of their sales this year came from heat pumps or face a fine. The delay has led to a decrease in investment in heat pump manufacturing. Despite the delay, boiler manufacturers will still have to meet a target of 6% of sales being heat pumps in 2025.

Source: Microsoft Start