A tax imposed on actions that harm the environment is known as an environment tax in the UK. It is intended to motivate people and organisations to lessen their negative environmental effects and support more sustainable business practices.

SEVERAL TYPES OF ENVIRONMENTAL TAX IN UK

Climate Change Levy (CCL):

This tax is levied on non-domestic energy use and aims to encourage energy efficiency and reduce carbon emissions.

Landfill Tax:

This tax is levied on waste sent to landfill and is designed to encourage recycling and the reduction of waste.

Air Passenger Duty (APD):

Tax levied on air travel and is designed to reduce carbon emissions from aviation.

Vehicle Excise Duty (VED):

This tax is levied on vehicles and is designed to encourage the use of low-emission vehicles and reduce air pollution.

Plastic Packaging Tax:

Introduced in April 2022, this tax is levied on plastic packaging that does not include at least 30% recycled material. 

Reducing plastic waste and promoting the use of recycled materials in packaging are the goals.

WHY ENVIRONMENTAL TAXES ARE ESSENTIAL IN UK

Environmental taxes are regarded as a useful tool for minimising the damaging environmental effects brought on by particular activities. Environmental taxes encourage people and businesses to adopt more sustainable practices and technologies by raising the cost of environmentally harmful activities.

The government can use the money that environmental taxes bring in to support environmental programmes and the shift to a more sustainable economy. Additionally, this income can be used to pay for other government programmes, like healthcare and education.

HOW CAN WE HELP YOU IN REDUCING ENVIRONMENTAL TAX

Compliance:

Complying with environmental taxes can be difficult and time-consuming.We will help businesses to fulfil their compliance requirements, such as preparing and submitting environmental tax returns.

Auditing:

To find any areas of risk or non-compliance with environmental tax regulations, we will audit a client’s environmental impact and processes.

Advisory:  

Guardians Accountants offer guidance on how to apply environmental tax laws and regulations, including advice on how to interpret the law and precedent.

Training:

An accounting firm can instruct clients on how to manage environmental taxes, including how to put systems and procedures in place to ensure compliance.

Technology solutions:

An accounting firm can assist clients in putting into practise technological solutions that lessen their environmental impact.

By providing these services, we will help clients to reduce their environmental tax liability and promote more sustainable business practices. This can also help to enhance their reputation as a socially responsible organisation and attract customers who are increasingly concerned about the environmental impact of the businesses they interact with.

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