Finance Bill Tracking Service 2007 | Budget 2007 | Budget Notes

BN67 Aggregates Levy: exemption for aggregate from the improvement, maintenance and construction of railways, tramways and monorails

Who is likely to be affected?

1   Those improving, maintaining or constructing railways, tramways or monorails.

General description of the measure

2   Legislation that will be introduced in Finance Bill 2007 will exempt from aggregates levy aggregate removed from the ground along the line, or proposed line, of any railway, tramway or monorail for the purposes of improving, maintaining or constructing it, providing the aggregate was not removed for the purpose of extracting the aggregate.

Operative date

3   Not before a date appointed by Treasury Order laid before Parliament after Finance Bill 2007 receives Royal Assent.

Current law and proposed revisions

4   A new paragraph will be added to section 17(3) of the Finance Act 2001 to provide for the exemption. There will also be a consequential change to regulation 3(2) of the Aggregates Levy (Registration and Miscellaneous Provisions) Regulations 2001 - to create the necessary exemption from registration.

Further advice

5   If you have any questions about this change, please contact the National Advice Service on 0845 010 900. Information about Budget measures is available on the HM Revenue & Customs website at