Explanatory note

(This note is not part of the Regulations)

A reduced rate of climate change levy may apply to supplies of taxable commodities to a facility taken as being covered by a climate change agreement^f1.

These Regulations expand the types of installation that may form such a facility^f2 to include installations for—

(a)

separating from air, and then compressing or liquefying nitrogen, oxygen or argon;

(b)

extracting and processing kaolinitic clay in combination with its accessory minerals;

(c)

processing calcium carbonate based minerals for use as filler or whitener;

(d)

heat-treating metals;

(e)

horticulture;

(f)

manufacturing textiles;

(g)

producing plastic film.

A full regulatory impact assessment has not been prepared for this instrument as it has no impact on business, charities or voluntary bodies.

Annotations

Footnotes

f1: See also Finance Act 2000 (c.17) Schedule 6 paragraphs 44(3) and 44(1) (certification and notice requirements).
f2: See Finance Act 2000 (c.17) Schedule 6 paragraphs 51 and 50(2) (single installation or site).