ENERGY-INTENSIVE industries are expected to receive a £250m tax relief boost from the government.
The chancellor’s Autumn Statement on Tuesday is expected to outline tax relief for industries burdened by high costs from European Union emissions trading and the UK’s carbon limit plans, reports the Financial Times.
More than £200m in compensation will be paid out to heavy energy users, if the scheme is approved by the EU. Another £40m in costs will be picked up by the Treasury through increasing the rebate available to companies affected by the climate change levy from 65% to 90%.
The England and Wales Cricket board has hit HMRC for six in its VAT battle with the government department
EC adopts rules on the reporting by multinational companies of tax-related information
The search engine's tax affairs have come under further scrutiny following a dawn raid on its Paris offices
Flourishing adult colouring book industry could be facing a bill for millions in VAT payments