Mark Schofield and Jayne Harrold review the top five tax developments in 2011 affecting environmental taxes
HMRC has announced updates to the following VAT notices during the past month:
The government has confirmed that from 1 November 2011 the rate of air passenger duty for direct long-haul passengers departing from airports in Northern Ireland will be cut to the short-haul rate, currently £12 in economy and £24 in business and first class.
HMRC’s Large Business Service has collected £600m in ‘unpaid air passenger duty’ from airlines and tour operators through its compliance activity, according UHY Hacker Young.
Revenue & Customs Brief 22/11 clarifies guidance on the acquisition of electricity from a combined heat and power station and the availability of an exemption from climate change levy for ‘qualifying power output’.
Mark Schofield and Harry Manisty examine what the recent policy announcements on green taxes mean for tax professionals in UK businesses. Plus an in-house perspective from Will Morris explaining the impact on General Electric’s business