Aggregates levy: Northern Ireland credit scheme
The Northern Ireland aggregates levy credit scheme is to be extended for a further 10 years so that it will apply until April 2021.
Who will be affected?
Businesses which pay aggregates levy on the commercial exploitation of aggregates in Northern Ireland can claim an 80% tax credit where they meet certain conditions.
This measure will come into effect when the primary legislation enacting this change receives Royal Assent. Regulations will follow. This measure is subject to State Aid approval
This is obviously good news for aggregates producers in Northern Ireland. However the credit scheme in Northern Ireland is controversial and the British Aggregates Association have used it to challenge the validity of the levy itself.