Pre-Budget Report – Climate change levy
HMRC have announced that the reduced rate of Climate Change Levy (CCL) is to be increased from 20% to 35%. It is expected that this new rate will come into force from 1 April 2011.
The Government also plans to introduce secondary legislation which will require those affected by the change to provide energy suppliers with new certificates confirming their entitlement to the ‘higher’ reduced rate. The new certificates must be provided following completion of the claimant’s first annual review beginning on or after 1 April 2011.