A report from the Commons Environmental Audit Committee complained of ‘confusion and inefficiency’ because of the growing complexity of policy instruments in the energy sector.
In particurlar, it pointing to the Climate Change Levy with its exemptions, negotiated arrangements and monitoring; emissions trading system and the electricity companies’ renewables obligation.
The CEAC denounced the failure by the government to justify plans to shelve a pesticides tax, in favour of self-regulatory measures, calls to double the controversial landfill tax and pleas to the Treasury to reverse the ‘perverse fiscal incentive to build on greenfield sites’.
The MPs said: ‘We regret the fact that the Treasury has retreated from a strategic commitment to environmental tax reform by diluting the language used in the original statement of intent.’
Furthermore, they considered the extent of Treasury research on environmental taxation to be ‘inadequate’ and said it had failed to ‘provide adequate leadership’.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states