The 2015 Summer Finance Bill - Other taxes

  • Aggregates levy: reinstatement from 1 August 2015 of exemptions that were found to be lawful following an investigation by the European Commission; businesses can stop paying tax on the exempted materials and reclaim tax paid on these since the exemptions were suspended in April 2014.
  • Climate change levy: from 1 August 2015 the climate change levy exemption for renewably sourced electricity will be removed. There will be a transitional period for suppliers to claim the exemption on any renewable electricity that was generated before that date.
  • Reform of vehicle excise duty (VED) rates and bands for post-2017 cars: a new VED banding system for cars registered on or after 1 April 2017 is introduced.
  • Insurance premium tax standard rate: from 1 November 2015 the standard rate of insurance premium tax is increased by 3.5 percentage points to 9.5%.

Related links

Personal tax
Venture capital schemes
Inheritance tax
Business tax
Administration and enforcement

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