Explanatory note

These Regulations revoke the Aggregates Levy (Northern Ireland Tax Credit) Regulations 2004 (“the 2004 Regulations”).

The 2004 Regulations make provision in respect of certain aggregates levy credits which apply in Northern Ireland during the period 1st April 2004 to 31st March 2011 as provided for by section 30A of the Finance Act 2001 (c. 9). The scheme that provides for the credits is known as the Northern Ireland aggregates levy credit scheme.

On 9th September 2010 the General Court of the European Union annulled the Commission Decision C (2004) 1614 final of 7th May 2004^f1 not to raise objections on State aid grounds to changes in the scope and duration of the Northern Ireland aggregates levy credit scheme. Continuing to grant relief under the Scheme is therefore unlawful as there has been no Commission Decision to approve the aid.

Regulation 2 revokes the 2004 Regulations.

A full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.