FA 2000
Name (orig) | The Finance Act 2000, c.17 |
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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. |