Section 198: Standard Rate of Landfill Tax
Summary
1.Section 198 amends section 42(1)(a) and 42(2) of the Finance Act (FA) 1996 to increase the standard rate of landfill tax for disposals of waste made or treated as made on or after 1 April 2014.
Details of the Section
2.Subsections (2) and (3) substitutes “£72” to “£80” in sections 42(1)(a) and 42(2) of FA 1996.
Background
3.In the June 2010 Budget, the Government confirmed that the standard rate of landfill tax would rise by £8 per tonne on 1 April each year up to and including 2014. The Government also announced a floor under the standard rate of landfill tax so that the rate will not fall below £80 per tonne from 2014-15 to 2019-20.
4.The Government announced in Budget 2013 that the lower rate of landfill tax, for less polluting qualifying wastes, currently £2.50 per tonne, will remain frozen in 2014-15.
