BN66 : Aggregates Levy : Rate Increase

Who is likely to be affected?

  1. Those commercially exploiting taxable aggregate in the UK.

General description of the measure

  1. Legislation introduced in Finance Bill 2007 will increase the rate of aggregates levy from £1.60 per tonne to £1.95 per tonne.
  2. In Northern Ireland, registered operators in possession of a valid aggregates levy credit certificate will continue to be entitled to 80 per cent relief of the full levy rate. As a result of the rate increase, in effect, the amount of levy payable by such operators will increase from 32 to 39 pence per tonne.

Operative date

  1. The new rate will apply to any aggregate commercially exploited on or after 1 April 2008.

Current law and proposed revisions

  1. Section 16(4) of the Finance Act 2001 specifies the rate of aggregates levy and will be amended by Finance Bill 2007.

Further advice

  1. If you have any questions about this change, please contact the National Advice Service.