What will replace the Carbon Reduction Commitment?
As part of the government’s plan to streamline the business energy tax landscape, the CRC closes at the end of the 2018-19 compliance year. The government has increased Climate Change Levy charges so that the change is ‘revenue neutral’,
A new reporting scheme called ‘Streamlined Energy and Carbon Reporting’ also comes into force that will affect quoted companies, large unquoted companies and large LLPs. As its name suggests, SECR is intended to be a more simplified approach to business carbon reporting. Take a look at our SECR pages for more information.
