The Climate Change Levy (Suspension of Transport Exemption) (Revocation) Order, SI 2011/1178, revokes with effect from 1 April 2011 SI 2011/1025, which suspended the exemption for taxable commodities supplied for use by open access rail services and rail freight.
The suspension is no longer required because EC approval for the exemption with effect from 1 April 2011 has been received. The main beneficiaries of the exemption have been electrified rail based public transport services.
Clause 79 of the Finance Bill (power to suspend exemption for transport supplies) will now be withdrawn.
The Climate Change Levy (Suspension of Transport Exemption) (Revocation) Order, SI 2011/1178, revokes with effect from 1 April 2011 SI 2011/1025, which suspended the exemption for taxable commodities supplied for use by open access rail services and rail freight.
The suspension is no longer required because EC approval for the exemption with effect from 1 April 2011 has been received. The main beneficiaries of the exemption have been electrified rail based public transport services.
Clause 79 of the Finance Bill (power to suspend exemption for transport supplies) will now be withdrawn.
