Finance Bill Tracking Service 2010 | Budget 2010

BN56 AGGREGATES LEVY: RATE

Who is likely to be affected?

1. Those commercially exploiting taxable aggregate in the UK.

General description of the measure

2. Legislation will be introduced in Finance Bill 2010 to increase the rate of aggregates levy from £2.00 per tonne to £2.10 per tonne.

Operative date

3. The new rate will have effect for any aggregate commercially exploited on or after 1 April 2011.

Current law and proposed revisions

4. Section 16(4) of the Finance Act 2001 specifies the rate of aggregates levy. This will be amended by Finance Bill 2010.

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