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Taxation: Energy

Treasury written question – answered on 12th December 2011.

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Photo of Alun Cairns Alun Cairns Conservative, Vale of Glamorgan

To ask the Chancellor of the Exchequer what assessment he has made of the effect of the proposed removal of the levy exemption certificate on energy intensive industries which depend on combined heat and power plants.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

Budget 2011 announced that from 2013, the new relief from the carbon price floor for combined heat and power will be introduced and the existing relief from climate change levy provided through levy exemption certificates removed.

A Tax Impact and Information Note on the removal of the exemption was published on 6 December, alongside the draft legislation, and is available at:

http://www.hmrc.gov.uk/tiin/tiin700.pdf

The Government are working with the Combined Heat and Power (CHP) Association and its members in order to develop a simpler, direct and more cost effective means of support for combined heat and power stations.

The level of the relief from the carbon price floor for supplies of fossil fuels to good-quality CHP stations that are intended to be used to generate electricity, will be announced at Budget 2012.

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