Finance Bill Tracking Service 2010 | Budget 2010

BN53 LANDFILL COMMUNITIES FUND

Who is likely to be affected?

1. Businesses registered for landfill tax and environmental bodies enrolled under the Landfill Communities Fund (LCF).

General description of the measure

2. Landfill site operators may claim against their annual landfill tax liability for contributions made to bodies concerned with the environment (enrolled under the LCF). Secondary legislation will be introduced to amend the maximum credit claimable from 6 per cent to 5.5 per cent. This should result in an increase to the maximum value of the LCF in line with inflation, from £72 million in 2009-10 to a potential value of £74.25 million of credit claimable for 2010-11.

Operative date

3. The measure will have effect on and after 1 April 2010.

Current law and proposed revisions

4. A statutory instrument will be laid shortly to amend the maximum percentage claimable, which is set out in regulation 31(3) of the Landfill Tax Regulations 1996.

Further advice

5. If you have any questions about this change, please contact the Excise and Customs Helpline on 0845 010 9000. Information about Budget measures is available on the HM Revenue & Customs website at www.hmrc.gov.uk Information on the LCF is also available from ENTRUST at www.entrust.org.uk