Pre-Budget Report announces low carbon economy measures

On 9^th December the Chancellor delivered his Pre-Budget Report (PBR) to the nation. A main point of interest was the focus on reducing carbon emissions in the UK.  Just some of the measures include the £400 million additional support for offshore wind projects, investment in low carbon energy projects and a reduced rate of Climate Change Levy (CCL).  

With effect from 1^st April 2011 the CCL discount will be cut from 80% to 65%. The reduced rate of CCL will, therefore, increase from 20% to 35% and the amount of CCL payable will almost double. This will affect any business that has entered into a Climate Change agreement.

For further information see Pre-Budget Report (PBR) – 9 December 2009.