FA 2000

Updated: 22.10.2017

Name (orig)

The Finance Act 2000, c.17

Entry into force

21.03.2000

Last amended on

27.04.2017

Purpose

First and foremost, the Act aims at regulating state revenue and reducing national debt.

Relevance for renewable energy

The FA 2000 introduced the Climate Change Levy (CCL) for the very first time (section 30 FA 2000 in connection with schedule VI FA 2000 in connection with part IV of the CCL GenReg 2001). It provides fiscal benefits for the use of electricity from renewable sources. Among other things, the FA 2012 set the amount of CCL for the period after 1 April 2013 and the FA 2013 the amount of CCL for the period after 1 April 2014. In addition, the FA 2013 sets out carbon price support (CPS) rates of CCL applied to fossil fuels that are used for electricity generation. CPF is not levied on renewable sources used for electricity generation.

United Kingdom

Full text of legal source

A new version of the Finance Act (FA) including amendments and complementary provisions is approved every year. The version currently in force is FA 2013, which applies to the fiscal year of 2013/2014.

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