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Legal Terms – Environmental Taxes
The UK government claims that three taxes are intended to incentivize companies to conduct their operations in a more ecologically responsible manner. The first is the aggregates levy, which is levied on the commercial mining of rock, gravel, and sand (Finance Act 2001 ss 16–49); the second is the climate change levy, which is levied on the supply of coal, coke, gas, and electricity, all of which are thought to contribute to global warming (Finance Act 2000 sch 6); and the third is the landfill tax, which is levied on the commercial disposal of waste (Finance Act 1996 ss 39–71).
The UK government claims that three taxes are intended to incentivize companies to conduct their operations in a more ecologically responsible manner. The first is the aggregates levy, which is levied on the commercial mining of rock, gravel, and sand (Finance Act 2001 ss 16–49); the second is the climate change levy, which is levied on the supply of coal, coke, gas, and electricity, all of which are thought to contribute to global warming (Finance Act 2000 sch 6); and the third is the landfill tax, which is levied on the commercial disposal of waste (Finance Act 1996 ss 39–71).
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