Tories plan to ditch climate change levy
More ‘effective’ green tax offering on the cards
More ‘effective’ green tax offering on the cards
Tory leader David Cameron is to make a speech today outlining plans to ditch
the controversial climate change levy and replace it with, what the party claims
is a more effective green tax.
Speaking in Oslo Cameron will outline plans for a new ‘carbon levy’ to
replace the levy on energy use by business introduced in 2001.
Conservatives argue that the CLL is ineffective, as it does not distinguish
between ‘high carbon’ forms of energy production such as coal generation and
‘low carbon’ forms such as gas-generated electricity and nuclear power.
The party’s policy review group on the quality of life is to be asked to draw
up detailed changes to the tax system and the use of market mechanisms to
transform the way companies affect the environment.
It is expected to be finalised next year and will not impact on individuals
or raise any extra revenue overall, the Tories claimed.
Ton Juniper, director of Friends of the Earth said Gordon Brown had shown a
‘real reluctance to face up to green challenges’.
But he said of the Tories: ‘The detail of what David Cameron would do is
still not there, though we welcome the fact that he is competing to be seen to
be greener than Labour.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article