Aggregates Levy Credit Scheme (Northern Ireland)
(14 years, 1 month ago)
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The Economic Secretary to the Treasury (Justine Greening)
Today the Government are announcing the suspension of the Aggregates Levy Credit Scheme in Northern Ireland from 1 December 2010, as a result of the recent European General Court ruling which annulled the European Commission’s state aid approval for the scheme in response to action taken by the British Aggregates Association.
The effect of this is that quarry operators in Northern Ireland who are part of this scheme will have to pay the full rate of aggregates levy on supplies they make on or after 1 December. This date achieves a balance between complying with the Court’s judgment and giving industry fair and reasonable notice of the change.
The Government remain a strong supporter of the scheme and continue to believe that it is the best way to drive the environmental improvements in the Northern Ireland quarrying industry that it was designed to stimulate.
Regulations to enact the change are being laid before Parliament today and are accompanied by an explanatory memorandum. The regulations are being published on the Office of Public Sector Information website, with links available on the HMRC website.