1. Green Taxes Gordon Faragher gordon.faragher@kaplan.co.uk

2. Minor problems

4. The solution?

5. Green Taxes Air Passenger Duty Landfill Tax Aggregates Levy Climate Change Levy Road Tax Fuel Duty Capital Allowances Company cars “The Green Taxes”

6. Air Passenger Duty Up to 31.10.09 EconomyPosh EEA£10£20 Non EEA£40£80

7. Air Passenger Duty 1.11.09 – 31.10.10 EconomyPosh A (0 – 2,000 miles)£11£22 B (2,001 – 4,000)£45£90 C (4,001 – 6,000)£50£100 D (> 6,000)£55£110

8. Air Passenger Duty 1.11.10 onwards EconomyPosh A (0 – 2,000 miles)£12£24 B (2,001 – 4,000)£60£120 C (4,001 – 6,000)£75£150 D (> 6,000)£85£170

9. Air Passenger Duty To be replaced............ New duty will be a charge per plane rather than per passenger When?? How much???

10. Landfill Tax Effective from Std rate £ per tonne Lower rate (Inert waste) 1.4.07£24£2 1.4.08£32£2.50 1.4.09£40£2.50 1.4.10£48£2.50

11. Aggregates Levy Payable on commercial exploitation in the UK of rock, sand and gravel Levy payable at £2 per tonne

12. Climate Change Levy Charged on the non domestic supply of: electricity natural gas petroleum and hydrocarbon gas in a liquid state coal and lignite coke, and semi-coke of coal or lignite petroleum coke

13. Road tax From 1.4.10 BandCO 2 12m rate1st year AUp to 100NIL B101 – 110£20NIL C111 – 120£30NIL D121 – 130£90NIL E131 – 140£110 G151 – 160£155 I176 – 185£200£300 J186 – 200£235£425 L226 – 255£425£750 M> 255£435£950

14. Fuel Duty From 1.4.10 – 57.19p per litre

15. Money raised Air Passenger Duty Landfill Tax Aggregates Levy Climate Change Levy Road Tax Fuel Duty Capital Allowances Company cars £27bn £6bn £2bn £1bn £0.3bn £0.7bn

16. First Year Allowances 100% FYA for energy and water efficient technology –and energy efficient cars <110g/km CO 2

17. Payable Enhanced CAs Possible repayment where ECAs (100% relief assets) create loss –not cars Trading loss for period –c/f loss for future use or –surrender element created by ECAs for cash repayment of 19% of loss

18. Payable Enhanced CAs - 2 Maximum repayment claimable higher of: 1PAYE/NIC liability for payment periods ending in period of claim 2£250,000

19. Payable Enhanced CAs - 3 Year ended 31 March 2010 –£5m ECAs claimed –Loss £10m Claim £5m x 19% =£950,000 –assumed < PAYE/NIC

20. Taxed on % of list price % depends on CO 2 emissions Mileage irrelevant Penalty for diesels – add 3% never >35% Reduced if not available for period > 30 days Company cars

21. 10% charge if emit < 120g 5% charge if emit < 75g Battery electric cars – exempt from 4/10 Discounts for bi-fuel, hybrids and E85 fuel Company cars – green issues

22. –Private fuel in company car From 6 April 2010 Base figure for private fuel benefit rises from £16,900 to £18,000 –Electric company vans Exempt benefit from 6 April 2010 100% CA for business Other transport issues

24. Green Taxes