Budget 2011 – Aggregates Levy Rate
The Government have confirmed that legislation is to be introduced in Finance Bill 2011 to repeal the increase in the rate of aggregates levy that was due to take effect from 1 April 2011, and to enable the reinstatement of an aggregates levy credit scheme (ALCS) in Northern Ireland, subject to EU State aid approval.
The increase in the rate of aggregates levy to £2.10 will not now go ahead on 1 April 2011.The rate of aggregates levy will now remain at £2.00 per tonne.
The decision to suspend the ALCS in Northern Ireland stems from a recent European General Court decision. As a result of that decision, the Government announced the suspension of the scheme with effect from 1 December 2010.