Finance Bill - continued        House of Commons

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Climate change levy
     1. - (1) A tax to be known as climate change levy ("the levy") shall be charged in accordance with this Schedule.
      (2) The levy is under the care and management of the Commissioners of Customs and Excise.
Levy charged on taxable supplies
     2. - (1) The levy is charged on taxable supplies.
      (2) Any supply of a taxable commodity is a taxable supply, subject to the provisions of Part II of this Schedule.
Meaning of "taxable commodity"
     3. - (1) The following are taxable commodities for the purposes of this Schedule, subject to sub-paragraph (2) and to any regulations under sub-paragraph (3)-
    (a) electricity;
    (b) any gas in a gaseous state that is of a kind supplied by a gas utility;
    (c) any petroleum gas, or other gaseous hydrocarbon, in a liquid state;
    (d) coal and lignite;
    (e) coke, and semi-coke, of coal or lignite;
    (f) petroleum coke.
      (2) The following are not taxable commodities-
    (a) hydrocarbon oil or road fuel gas within the meaning of the Hydrocarbon Oil Duties Act 1979;
    (b) waste within the meaning of Part II of the Environmental Protection Act 1990 or the meaning given by Article 2(2) of the Waste and Contaminated Land (Northern Ireland) Order 1997.
      (3) The Treasury may by regulations provide that a commodity of a description specified in the regulations is, or is not, a taxable commodity for the purposes of this Schedule.
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