The Finance Act

6th November 2014

Related Topics

Related tags

  • Carbon Trading ,
  • Management/saving ,
  • Waste

Author

Andrea Sharman

The Finance Act 2014

1 April 2014 / 1 April 2015 / Various

Finance / Energy / Climate change / Waste

The Finance Act 2014 brings proposals under the 2014 UK Budget into law, with impacts on several environmental taxes. The Act amends capital allowances for mineral and oil and gas extraction activities and rates of the air passenger and vehicle excise duties. Climate change levy rates increase from April 2015, although carbon price support rates are frozen at £18 per tonne CO2 from 2016/17 to 2019/20. From 1 April 2015 landfill tax increases in line with the RPI rounded to the nearest five pence. Certain aggregates levy exemptions are suspended pending a state aid investigation by the European Commission.

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