The Aggregates Levy (Registration and Miscellaneous Provisions) (Amendment) Regulations 2014

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 1st April 2014, amend the Aggregates Levy (Registration and Miscellaneous Provisions) Regulations 2001 (S.I. 2001/4027) (“the Registration Regulations”) to take account of the removal of certain exemptions from the aggregates levy provided for in section 17(3) and (4) of the Finance Act 2001 (“the Act”).

These Regulations amend a provision in the Registration Regulations defining “relevant taxable activity”. Provision in the Finance Act 2014 (Aggregates levy: removal of certain exemptions) will remove certain exemptions from the aggregates levy which will affect the requirement to register under the Act, with effect from 1st April 2014.

As a consequence of the removal of these exemptions from section 17(3) and (4) of the Act, the Regulations also omit provisions requiring businesses to make notifications to HMRC.

These Regulations are consequential upon Budget resolution number 60 passed by the House of Commons on 25th March 2014 which has temporary statutory effect by virtue of section 1 of the Provisional Collection of Taxes Act 1968. The clause which will give permanent effect if enacted in the Finance Act 2014 stands as the clause with the heading “Aggregates levy: removal of certain exemptions” in the Finance Bill 2014.

A Tax Information and Impact Note covering this instrument was published on 19th March 2014 and is available on the HMRC website at http:/www.hmrc.gov.uk/the library/tiins.htm. It remains an accurate summary of the impacts that apply to this instrument.