Environment Protection: Taxation

HM Treasury written question – answered on 23rd June 2015.

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Photo of David Davies David Davies Chair, Welsh Affairs Committee, Chair, Welsh Affairs Committee

To ask Mr Chancellor of the Exchequer, what plans he has to apply the UK carbon price floor to electricity imported through interconnectors which is generated by overseas fossil fuel plants; and if he will make a statement.

Photo of Damian Hinds Damian Hinds The Exchequer Secretary

The Carbon Price Floor is a tax levied on fossil fuels used to generate electricity in the UK only. The Government cannot apply it to imported electricity due to EU excise and energy tax directives. HMT keeps all taxes under review.

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