Tag Archives: energy

Climate Change Levy Notices Updated

HMRC have issued updated notices on Climate Change Levy, the tax on energy. The new notices, which replace the respective previous versions, are: CCL1 (general guide to climate change levy), CCL 1/1 (registering for CCL), CCL 1/2 (combined heat and … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , , , , , , | Leave a comment

Energy Taxes

The future of energy taxes has been in the headlines again following more big prices rises by the energy companies. Ex-prime minister Sir John Major this week floated the idea of a special tax levy on energy companies. Now the … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , | Leave a comment

Rising Tax Take on Rising Energy Bills

The government tax take from energy bills was £1.7 billion last year and is set to rise again on the back of the latest hikes in energy bills. The Treasury points out that under European law the VAT on energy … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

UK Schemes Add 10% Plus VAT to Energy Bills

The UK energy minister was forced this week to admit government schemes added “just under” 10% to energy bills on top of VAT. The revelation came in a television debate about the latest above-inflation price rise by an energy company. … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

Government green policies and VAT add £172 to our energy bills

“UK Government energy and climate change policies and VAT add £172 onto the cost of the average annual household energy bill, a major new report will show. There was consternation earlier this year when it was revealed British Gas parent … Continue reading

Posted in Tax and Accounting News | Tagged , , , , | Leave a comment

Committee Calls For Common EU Energy Tax System

In the EESC’s opinion, the member states of the EU must “rethink energy taxation” with a view to making it “uniform and smarter across Europe.” It suggested creating a common tax framework which would link the tax rate to the … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment