CCL – Energy taxes on the rise
CCL - Energy taxes on the rise
When you pay your energy bills, hopefully you’re aware that your business is paying a tax to the government called the Climate Change Levy.
Large, non-energy-intensive organisations currently have to purchase allowances for the amount of carbon dioxide (CO2) they are responsible for, under the CRC Energy Efficiency Scheme (the Carbon Reduction Commitment). The CRC has been seen as complicated & a burden on business, in that they have to forecast their energy use & financial plans accordingly. With the CRC ending next year, the government needs to somehow recoup this lost revenue. The increase in the CCL Climate Change Levy simply transfers the revenue collection to the energy bill, rather than a separate scheme.
It is important that you are aware of this increased levy & how it will affect your energy bills. Many businesses just don’t think much about the cost of electricity & gas – they simply pass the bills on to the...