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Green Taxes

Green Taxes. Gordon Faragher gordon.faragher@kaplan.co.uk. Minor problems. Minor problems. The solution?. Green taxation. Green Taxes. Air Passenger Duty Landfill Tax Aggregates Levy Climate Change Levy Road Tax Fuel Duty Capital Allowances Company cars. “The Green Taxes”.

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Green Taxes

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  1. Green Taxes Gordon Faragher gordon.faragher@kaplan.co.uk

  2. Minor problems

  3. Minor problems

  4. The solution? Green taxation

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

  6. Air Passenger Duty Up to 31.10.09

  7. Air Passenger Duty 1.11.09 – 31.10.10

  8. Air Passenger Duty 1.11.10 onwards

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

  10. Landfill Tax

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

  12. 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

  13. Road tax From 1.4.10

  14. Fuel Duty From 1.4.10 – 57.19p per litre

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

  16. First Year Allowances 100% FYA for energy and water efficient technology and energy efficient cars <110g/km CO2

  17. 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

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

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

  20. Company cars • Taxed on % of list price • % depends on CO2 emissions • Mileage irrelevant • Penalty for diesels – add 3% • never >35% • Reduced if not available for period > 30 days

  21. 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

  22. 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 2010 100% CA for business Other transport issues

  23. Other transport issues

  24. Green Taxes

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