Landfill tax regulations: maximum credit on claims

The Landfill Tax (Amendment) Regulations SI 2016/376 reduce from 5.7% to 4.2% the maximum credit that landfill site operators may claim for contributions made in respect of the Landfill Communities Fund with effect from 1 April 2016. Following consultation they also remove the ability of landfill operators to stipulate that funds are invested for the purpose of generating interest; end the practice of one environmental body providing administration services to another; and introduce a 6-year limit on the requirement to keep certain records.