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Climate change levy reduced rate

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The Climate Change Levy (General) (Amendment) Regulations, SI 2018/118, amend the formula used by businesses in the climate change agreement (CCA) scheme to calculate their climate change levy (CCL) relief entitlement, including the reduced rate, with effect from 1 April 2019. Finance Act 2016 legislated for increased main rates of CCL in 2019/20, while capping reduced rates for businesses in the CCA scheme to an increase broadly in line with RPI.

Issue: 1386
Categories: News , Indirect taxes , VAT