Factsheet: Finance act - Climate Change Levy

Finance act - Climate Change Levy

Key Information

Country/Region:

European Union›UNITED KINGDOM

Description:

The Climate Change Levy (CCL) is a climate protection tax in the Finance Act, which is levied on the consumption of electricity from non-renewable sources by commercial and industrial final consumers and the public sector. It provides fiscal benefits for the use of electricity from renewable sources. Electricity from renewable sources is exempt from this tax .

Goal/Aim:

stimulate renewable electricity

Type (and subtype) :

Economic/financial instruments›Tax Reduction

Sector/Topic targeted:

Status:

In force

Impact on regional bioeconomy objectives

Fostering effective governance and involvement of the society:

Not Relevant

Building a strong research, development and innovation base:

Not Relevant

Enhancing the creation of jobs and ensuring availability of required skills:

Not Relevant

Building competitive biobased industries:

Not Relevant

Creating a reliable and enabling policy setting:

Not Relevant

Address the (multilevel) cooperations needed to start biobased businesses:

Not Relevant

Creating an attractive environment including infrastructure:

Not Relevant

Availability of financial resources:

Not Relevant

Learning from the strategies/actions of other regions, clusters,...:

Not Relevant

Fostering the development of strong biobased markets:

Not Relevant

Contact References

Full name of Instrument & Measure (English):

Finance Act 2000, 2013 Amendment

Links:

http://www.res-legal.eu/search-by-country/united-kingdom/single/s/res-e/t/promot...

http://www.legislation.gov.uk/ukpga/2000/17/contents

Responsible Authority:

HM Revenue & Customs (HMRC)

Contact of Responsible Authority:

http://www.hmrc.gov.uk/index.htm

Completed by:

VITO

Completed on:

March, 2014

Acknowledgement:

RES-LEGAL

Advanced Information

Feedstock type targeted:

Product type targeted:

Value Chain:

Year Instrument & Measure Started:

2000

Year Last Instrument & Measure was last Amended:

2013

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