New Green Taxes

A new mandatory scheme by the Government to introduce ‘green tax’ could leave thousands of businesses liable for significant charges and fines.

Under the Carbon Reduction Commitment (CRC) initiative, organisations which used at least 6,000 megawatt hours of energy, equivalent to an annual electricity bill of around £500,000, during 2008 are required to register by 30 September 2010 or face fines.

Those that do register will face charges. Consultancy firm WSP Environment & Energy has predicted that these will average £38,000 for medium sized businesses and £100,000 for larger organisations. It has also estimated that 7,500 businesses will miss the deadline.

Read more at Growing Business.

Filed Under: Business News