Government wants your views on reforming the business energy efficiency tax landscape

HM Treasury has published a consultation paper on reforming the business energy efficiency tax landscape.

This review considers the interaction between business energy policies and regulations, including the Climate Change Levy, the Carbon Reduction Commitment Energy Efficiency Scheme, taxes on fuels, Climate Change Agreements, mandatory greenhouse gas reporting, the Energy Saving Opportunity Scheme, Enhanced Capital Allowances and the Electricity Demand Reduction pilot.

The review carried out during the summer months has raised questions within government about whether the current set of policies is best placed to achieve the cost-effective energy and carbon savings and productivity potential identified.

The government believe that the proposals set out an approach to improve the effectiveness of the policy framework by:

– Simplifying reporting and taxes to reduce administrative burdens
– Targeting policy levers at cost-effective energy efficiency potential identified in business sectors
– The use of policy instruments to help raise the profile of energy efficiency and carbon reduction
with decision makers
– Improving the case for investment in energy efficiency and low carbon alternatives.

The consultation closes on 9 November with a view to the Government responding in time for the Budget in 2016. BWF members can send their comments through to matthew.mahony@bwf.org.uk by midday on Friday 6th November.

Here you can find a link to the consultation paper.