CLEAR group calls for VAT to be dropped on spare parts, repairs, labor
A newly formed group of UK electronics companies is advocating for the removal of VAT on electronic spare parts, repairs, and labor in the government's upcoming autumn budget, claiming this would encourage consumers to get kit repaired instead of replacing it.
"With the upcoming budget, we believe it's essential to focus on VAT reduction as the first step toward broader circularity measures. This will make repairs more affordable, reduce electronic waste, and promote sustainability," Rigg said in a statement. The company claims that 82 percent of consumers recognized the role they could play in reducing e-waste, and says this highlights a growing demand for sustainable solutions.
"Unsurprisingly, price is important to customers, particularly during the cost-of-living crisis," Rigg said."However, we know that refurbished products offered at a lower price than brand-new ones open the market up to customers that otherwise wouldn't have bought a branded or top-of-the-range item, rather than taking away sales that would have been made anyway.
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