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Solar panel tax increases opposed by Eurosceptic Tory MPs

2016-03-18 10:46:00| Climate Ark Climate Change & Global Warming Newsfeed

E and T: Eurosceptic Conservative MPs are backing Labour moves to block an increase to taxes on solar panels and other energy saving measures. A group of Brexit-supporting Tory MPs, including Bernard Jenkin, Peter Lilley, Nigel Evans, Graham Brady and Jacob Rees-Mogg, have signed up to a Labour amendment which would stop a VAT hike on solar and energy saving measures from five to 20 per cent. The government is raising VAT charged on the clean energy measures, after the European Court of Justice ruled...

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'No plans' to tax coffee shop cups

2016-03-18 10:37:28| BBC News | Business | UK Edition

The government rejects a minister's call for hard-to-recycle coffee cups to be taxed to stop millions of them being thrown away.

Tags: shop plans tax coffee

 
 

Deal reached 'to scrap tampon tax'

2016-03-17 23:34:30| BBC News | Business | UK Edition

EU leaders have agreed a deal that will allow the UK to scrap the so-called "tampon tax", British officials say.

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U.K. Treasury Will Get $648 Million Bonus in Carbon Tax Reform

2016-03-17 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The U.K. government will get a 460 million pound ($648 million) bonus by scrapping one unpopular carbon tax while it increases another levy in 2019, despite claiming the move is cost neutral. Chancellor of the Exchequer George Osborne said he would abolish the Carbon Reduction Commitment, which requires large companies and organizations to report their carbon emissions. The Treasury will increase the Climate Change Levy in 2019 to make good the lost revenue, he said in his annual budget speech...

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UK proposes tax relief for oil and gas industry

2016-03-17 01:00:00| Offshore Technology

UK Chancellor of the Exchequer George Osborne has marked further progress in modernising the tax regime on the UK Continental Shelf (UKCS) as part of this year's budget.

Tags: industry tax gas oil

 

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