18 Oct 2011
THE CHANCELLOR is preparing to offer tax breaks to companies struggling to meet environmental levies.
George Osborne is currently considering ways to help high energy consuming businesses hit by climate change levies, the Daily Mail reports.
Further reading
The publication claims tax breaks and exemptions from carbon levies will be expected in a mini-budget next month, to help industries that use large quantities of energy such as the cement, aluminium and steel.
Head of Tata Steel Europe Karl-Ulrich Kohler said green taxes are threatening to drive businesses abroad.
"The UK is one of the weaker industrial players in Europe. Why are we trying to be a leader on the green front when the economy is in such a hard place?
"If the UK becomes less attractive due to regulation and tax, then there are other places in the world to invest. The Government must see that," he said.
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
Visitor comments Add your comment