Green Taxes Gordon Faragher

Minor problems

The solution?

Green Taxes Air Passenger Duty Landfill Tax Aggregates Levy Climate Change Levy Road Tax Fuel Duty Capital Allowances Company cars “The Green Taxes”

Air Passenger Duty Up to EconomyPosh EEA£10£20 Non EEA£40£80

Air Passenger Duty – EconomyPosh A (0 – 2,000 miles)£11£22 B (2,001 – 4,000)£45£90 C (4,001 – 6,000)£50£100 D (> 6,000)£55£110

Air Passenger Duty onwards EconomyPosh A (0 – 2,000 miles)£12£24 B (2,001 – 4,000)£60£120 C (4,001 – 6,000)£75£150 D (> 6,000)£85£170

Air Passenger Duty To be replaced New duty will be a charge per plane rather than per passenger When?? How much???

Landfill Tax Effective from Std rate £ per tonne Lower rate (Inert waste) £24£ £32£ £40£ £48£2.50

Aggregates Levy Payable on commercial exploitation in the UK of rock, sand and gravel Levy payable at £2 per tonne

Climate Change Levy Charged on the non domestic supply of: electricity natural gas petroleum and hydrocarbon gas in a liquid state coal and lignite coke, and semi-coke of coal or lignite petroleum coke

Road tax From BandCO 2 12m rate1st year AUp to 100NIL B101 – 110£20NIL C111 – 120£30NIL D121 – 130£90NIL E131 – 140£110 G151 – 160£155 I176 – 185£200£300 J186 – 200£235£425 L226 – 255£425£750 M> 255£435£950

Fuel Duty From – 57.19p per litre

Money raised Air Passenger Duty Landfill Tax Aggregates Levy Climate Change Levy Road Tax Fuel Duty Capital Allowances Company cars £27bn £6bn £2bn £1bn £0.3bn £0.7bn

First Year Allowances 100% FYA for energy and water efficient technology –and energy efficient cars <110g/km CO 2

Payable Enhanced CAs Possible repayment where ECAs (100% relief assets) create loss –not cars Trading loss for period –c/f loss for future use or –surrender element created by ECAs for cash repayment of 19% of loss

Payable Enhanced CAs - 2 Maximum repayment claimable higher of: 1PAYE/NIC liability for payment periods ending in period of claim 2£250,000

Payable Enhanced CAs - 3 Year ended 31 March 2010 –£5m ECAs claimed –Loss £10m Claim £5m x 19% =£950,000 –assumed < PAYE/NIC

Taxed on % of list price % depends on CO 2 emissions Mileage irrelevant Penalty for diesels – add 3% never >35% Reduced if not available for period > 30 days Company cars

10% charge if emit < 120g 5% charge if emit < 75g Battery electric cars – exempt from 4/10 Discounts for bi-fuel, hybrids and E85 fuel Company cars – green issues

–Private fuel in company car From 6 April 2010 Base figure for private fuel benefit rises from £16,900 to £18,000 –Electric company vans Exempt benefit from 6 April % CA for business Other transport issues

Green Taxes