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GOVERNMENT CONSULTS ABOUT LANDFILL TAX CHANGES

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The government has announced it will consult industry on a potential exemption from landfill tax for waste resultin...
The government has announced it will consult industry on a potential exemption from landfill tax for waste resulting from the restoration of land that had been previously contaminated by industrial use.

Customs and Excise will be consulting urgently with those involved in the clearance of such land on how any exemption could be introduced and the scope of the exemption.

Following concerns about the provisions in the bill relating to adjustment of contracts customs will also consult with the waste management industry about whether the provisions can be improved.

The government has accepted an amendment to the Finance Bill to delete the provision that directors of a company should be jointly and severally liable for tax due from their company. Customs and Excise will instead look to make use of other powers to protect the revenue, particularly those to require security for the tax from businesses who pay tax late or do not pay it at all.

The government will also amend the Finance Bill to limit the period during which any repayment of overpaid landfill tax can be claimed to six years from the date the overpayment occurred. This is in line with proposals on VAT which Customs will shortly be consulting about.
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