Landfill communities fund
The credit that landfill site operators can claim for contributions made to bodies enrolled under the Landfill Communities Fund (LCF) will be reduced from 6% to 5.5% of their annual landfill tax liability.
Who will be affected?
Landfill site operators who claim for such contributions against their annual landfill tax liability and the community projects funded by these contributions.
The measure will have effect on and after 1 April 2010.
The Government states that this measure will result in an increase to the maximum value of the LCF from £72m in 2009-10 to approximately £74.25m in 2010-11. However, this increase is purely driven by the increase in the rate of landfill tax as, with a reduced rate of credit, the value of contributions to the LCF would have otherwise dropped.