Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will consider a time-limited VAT holiday on Heating Oil and LPG payments between 1 October 2026 and 31 March 2027.
Heating oil and Liquified Petroleum Gas (LPG) benefit from a reduced VAT rate of five per cent, rather than the standard 20 per cent. In addition, to help these households manage higher energy costs, the Government is providing over £50 million of additional support for low-income households which rely on heating oil.
The Chancellor makes decisions on tax policy at fiscal events, and does not routinely comment on proposals.