Tuesday 6 October 2015

Energy efficiency tax review: What the proposed changes will mean for business

Energy efficiency tax review: What the proposed changes will mean for business

The latest government consultation on energy efficiency taxes is now open: Treasury, BIS (Department for Business Innovation & Skills) and DECC (Department of Energy & Climate Change) are working together to consult on and review the existing energy efficiency tax framework, which could streamline taxes and reduce the administrative burden on businesses.

The government plans – ‘Reforming the business energy efficiency tax landscape’ – is aiming to simplify energy tax and reporting schemes, and improve the effectiveness of policy in realising cost-effective energy and carbon savings. The proposals on the table are:

  • Scrapping the CRC and creating one CCL-type consumption tax for businesses
  • Creating one single reporting framework, bringing together elements of the different schemes that businesses currently comply with into one ESOS-style scheme
  • Potentially introducing new financial incentives to encourage businesses to invest in energy efficiency measures

Between now and November 9th businesses are being invited to share their views and opinions on proposed changes to the business energy efficiency tax landscape to help shape its reform.

What do the changes mean for businesses? Who will be the winners and the losers? How can businesses get involved?

Join BIS and energy experts Inenco Group for a webinar on the changes proposed, the impact on business and why you should get involved.

Amongst other things, you’ll gain:

  • An improved understanding of the review
  • An understanding on how the changes proposed will impact your business
  • Advice on how to get involved

Arjan Geveke, Assistant Director Energy Policy at Department of Business Innovation & Skills (BIS); David Oliver, Policy expert, Inenco Group; Kevin Jackson, Inenco Group.

To register for this webinar, please click on the ATTEND button in the panel below.

Written by

Bruna Pinhoni

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