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Increase to Climate Change Levy

21/04/2014

Climate Change Levy

From 1st April 2014, all taxable fossil fuel commodities will incur an increase to the Climate Change Levy (CCL) for every kilo-watt-hour (kWh) delivered to site. 

The Levy is only applied to those fuels that are generated or produced from fossil fuel sources, whilst exemption from the Levy exists where the fuel is procured from Renewable sources.

The new rates for 2014/15 will be:

Electricity 0.541p/kWh

Gas 0.188p/kWh

CCA holders will be liable for 10% of main rate for electricity and 35% of main gas rate.  This means that the CCA holder will receive 90% and 65% exemption for electricity and gas, respectively, from CCL and this is supported in the PP11 certificate.

For further details of the new rates:

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_RatesCodesTools&propertyType=document&id=HMCE_PROD1_031183

 

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