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Landfill Tax: Difference between revisions
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[[Category:Legislation & Policy]][[Category:Economics]] | [[Category:Legislation & Policy]][[Category:Economics]][[Category:Targets & Metrics]] | ||
The [[Landfill Tax]] in the UK is applied to wastes that go to [[Landfill]], which increases the overall cost of [[Landfill]]. | The [[Landfill Tax]] ([[LFT]]) in the UK is applied to wastes that go to [[Landfill]], which increases the overall cost of [[Landfill]]. | ||
== Overview == | == Overview == | ||
The [[Landfill Tax]] in the UK is applied to wastes that go to [[Landfill]], which increases the overall cost of [[Landfill]]. The tax is applied per tonne of waste, applied in addition to the [[Gate Fee|gate fee]] charged by the landfill operator, who is responsible for charging and collecting the tax from the disposer of the waste, and accounting for the tax and paying it to [[HMRC]]. In | The [[Landfill Tax]] in the UK is applied to wastes that go to [[Landfill]], which increases the overall cost of [[Landfill]]. The tax is applied per tonne of waste, applied in addition to the [[Gate Fee|gate fee]] charged by the landfill operator, who is responsible for charging and collecting the tax from the disposer of the waste, and accounting for the tax and paying it to [[HMRC]]. In 2020/21 the amount of Landfill Tax collected was £566 million which is 11.7% lower than the previous financial year <ref name='hmrcstat'>[https://www.gov.uk/government/statistics/environmental-taxes-bulletin/environmental-taxes-bulletin-commentary-june-2021#landfill-tax-receipts-and-declarations HMRC National Statistical Environmental Bulletin commentary (June 2021)]</ref> and VAT is charged on the [[Landfill]] [[Gate Fee|gate fee]] and the Landfill Tax. | ||
'''Extract from Environmental Bulletin (Figure 4: Total Landfill Tax Receipts by Financial Year, in £million)''' | |||
[[File:LFT Receipts.png|none|700px|Figure 4: Total LFT receipts by financial year, in £million - Environmental Bulletin]] | |||
In November 2021 [[wikipedia: HM Treasury|HM Treasury]] launched a review of the Landfill Tax<ref>https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1037307/LfT_review_CfE.pdf</ref>. | |||
== History == | == History == | ||
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| 01.04.21 || style='text-align:center;' |£96.70 || style='text-align:center;' |£3.10 | | 01.04.21 || style='text-align:center;' |£96.70 || style='text-align:center;' |£3.10 | ||
|- | |||
| 01.04.22 || style='text-align:center;' |£98.60 || style='text-align:center;' |£3.15 | |||
|- | |||
| 01.04.23 || style='text-align:center;' |£102.10 || style='text-align:center;' |£3.25 | |||
|- | |||
| 01.04.24 || style='text-align:center;' |£103.70 || style='text-align:center;' |£3.30 | |||
|- | |||
| 01.04.25 || style='text-align:center;' |£126.15 || style='text-align:center;' |£4.05 | |||
|} | |} | ||
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Landfill tonnage of active waste at standard rates has progressively dropped with the introduction and progressive increase in Landfill Tax, with inactive waste at lower rates remaining reasonably static <ref name='hmrcstat' />: | Landfill tonnage of active waste at standard rates has progressively dropped with the introduction and progressive increase in Landfill Tax, with inactive waste at lower rates remaining reasonably static <ref name='hmrcstat' />: | ||
'''Extract from Environmental Tax Bulletin (Figure 5: Total Landfill tonnage declared split by taxable tonnage, taxable tonnage of which relived and exempt tonnage by financial year, in millions of tonnes):''' | |||
[[File:Landfill Tonnage Over Time.png|none|700px|Landfill Tonnage Over Time]] | [[File:Landfill Tonnage Over Time.png|none|700px|Landfill Tonnage Over Time]] | ||
There is evidence to suggest that the impact of increased recycling as a result of the Landfill Tax has | There is evidence to suggest that the impact of increased recycling as a result of the Landfill Tax has 'flat-lined' since around 2014, although the rates of tax announced<ref>https://www.gov.uk/government/publications/landfill-tax-rates-for-2024-to-2025</ref> for 2025 represent an increase of 22% on rates in 2024<ref>Graph by [[Monksleigh]]</ref>: | ||
[[File:Picture1 lft and recycling.png|alt=Landfill Tax vs Recycling Rates|center|700px]] | |||
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== Landfill Tax Credit Scheme == | == Landfill Tax Credit Scheme == | ||