Landfill tax rule victory
Property and construction firms have received a boost from a tribunal decision which will cut tax bills on the redevelopment of brownfield land
Property and construction firms have received a boost from a tribunal decision which will cut tax bills on the redevelopment of brownfield land
The VAT tribunal upheld an appeal by construction firm Taylor Woodrow over Customs & Excise’s refusal to grant it exemption from landfill tax on part of a site it was redeveloping for a new Tesco superstore.
The site at Bury, near Manchester, had previously been used for domestic waste. The redevelopment involved the removal of over 10,800 tonnes of waste material, 2,800 tonnes of which Customs refused to exempt.
The standard rate of landfill tax is #7 per metric tonne of material removed, but there is no tax if the material in question is contaminated by waste or pollution.
Lovell White Durrant solicitor Greg Sinfield, who represented Taylor Woodrow, said the decision was of interest to anyone dealing with contaminated land.
‘Customs’ interpretation of landfill tax exemption rules has been shown to be wrong,’ he said. Customs was therefore not allowing exemptions to landfill tax when it should.
A spokesman for Taylor Woodrow said the firm was pleased at the outcome and would continue to work with Customs on landfill tax issues.
Deborah Sharp, a PricewaterhouseCoopers landfill tax expert, said: ‘This case is of fundamental importance to developers of brownfield sites as it defines the criteria Customs should apply in determining whether a landfill tax exemption certificate should be granted.’
The numbers you crunch tell a story. Your expertis...
26yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article