Archives

Tag: Tax

VAT for biomethane: outcome from ADBA meeting

Locked!

*Members Only*

Yesterday I met HMRC to discuss the possible implications of the issue I blogged about a fortnight ago: the application of the domestic reverse charge (“DRC”) to biomethane supplies. As the blog above says, the DRC is an anti-fraud measure. HMRC believe that renewable energy supplies are low…

Posted in: News for Members, Policy updates

Tags: hmrc, tax, vat, biomethane, biogas, anaerobic digestion, biomethane to grid, shipping, RHI

Read more

Biomethane VAT charge: are you affected?

Locked!

*Members Only*

We are aware that some biomethane producers may have been subject to a surprise VAT charge, and are hear from members affected. The domestic reverse charge ('DRC') is an anti-fraud measure designed to tackle Missing Trader Intra-Community ('MTIC') fraud, in which VAT is avoided on imported goods but then reclaimed…

Posted in: News for Members, Policy updates

Tags: DECC, HMT, hmrc, tax, vat, biomethane, biogas, biomethane to grid, FIT, RO, biogas combustion, Matt Hindle, food waste operators, crop operators

Read more

Consultation on reforming the business energy efficiency tax landscape

Locked!

*Members Only*

The government has today launched a review of business energy taxes, following the announcement at the Summer Budget that it will look at how to simplify and improve them. Over the summer, the government sought initial views from a range of businesses, academics and other bodies. An initial consultation published…

Posted in: News for Members, Policy updates

Tags: lecs, will bushby, HM Treasury, treasury, efficiency, tax, consultation

Read more