Ministers are to consider the Landfill Tax and the case for an Incinerator Tax in the light of a report from the Cabinet Office’s Performance and Innovation Unit.
This was apparent in a government response which contained an official reply to a report from the Commons Environmental Audit Committee, which said the fiscal treatment of inert waste – at a lower rate – acted as ‘a perverse incentive’ to use landfills rather than re-use the material.
The government saidÿit was already its intention to increase the tax by £1 per tonne a year until 2004 and it has made it clear ‘that it anticipates the rate of the tax will need to be increased significantly in the medium-term’.
Its claimed the taxÿhas already had ‘a significant impact’ and the quantity of inactive waste going to landfill had fallen 57% since its introduction.ÿ
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory