LegalizeThe Landfill Tax (Amendment) Regulations 2012
Made: 20th March 2012
Laid before the House of Commons: 21st March 2012
Coming into force: 1st April 2012
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 51(1), 53(1) and 53(4)(a) of the Finance Act 1996[^f00001].
Citation and commencement
1
These Regulations may be cited as the Landfill Tax (Amendment) Regulations 2012 and come into force on 1st April 2012.
Entitlement to credit
2
- (1) In regulation 31(3) of the Landfill Tax Regulations 1996[^f00002] (entitlement to credit) for “6.2” substitute “5.6”.
- (2) Paragraph 1 only has effect for contribution years[^f00003] beginning on or after 1st April 2012.
Signed
Stephen Banyard — Simon Bowles — Two of the Commissioners for Her Majesty’s Revenue and Customs — 20th March 2012
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
These Regulations, which come into force on 1st April 2012, amend the Landfill Tax Regulations 1996 (S.I. 1996/1527) (“the principal Regulations”).
Regulation 2 amends regulation 31(3) of the principal Regulations. The maximum credit a landfill site operator may claim against annual landfill tax liability, in respect of qualifying contributions made, is changed from 6.2% to 5.6% for contribution years beginning on or after 1st April 2012.
A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to tax policy.
Footnotes
[^f00001]: 1996 c. 8; section 71(2) provides that any power to make regulations under Part 3 of the Act shall be exercisable by the Commissioners and section 70(1) defines “the Commissioners” as meaning the Commissioners of Customs and Excise. The relevant functions of the Commissioners of Customs and Excise were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(1)(b) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of the latter Act provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
[^f00002]: S.I. 1996/1527; relevant amending instruments are S.I. 2003/605, 2011/894.
[^f00003]: “Contribution year” is explained in regulations 31(4) and 31(5) of S.I. 1996/1527, as amended by S.I. 1999/3270, 2003/605.
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.
This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence.
legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.