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Issue July 2008

NQA

Landlords Allowed Corporation Tax Deductions for Specified Energy-Saving Items

New legislation: closed

On 07 July 2008 The Energy-Saving Items (Corporation Tax) Regulations 2008 comes into force, allowing companies whose business involves charging rent for leases of land to make deductions from their profits expenditure when calculating corporation tax for acquiring and installing specified energy-saving items. The Regulations themselves amend the section of the Income and Corporation Taxes Act 1988 on ‘Deduction for expenditure on energy-saving items', which was inserted into the 1988 Act by the Finance Act 2007.

Under the new amendments, up to £1500 can be deducted per dwelling-house for expenditure incurred between 8 July 2008 and 1 April 2015 on items of an energy-saving nature of the following descriptions:

  • Hot water system insulation;
  • Draught proofing;
  • Cavity wall insulation;
  • Solid wall insulation;
  • Floor insulation; and
  • Loft insulation.

The full text of the Regulations can be accessed from: http://www.opsi.gov.uk/si/si2008/uksi_20081520_en_1

Source: http://www.opsi.gov.uk/  (accessed 01/07/08)


New European Air Quality Directive comes into force

New legislation: closed

Directive 2008/50/EC of the European Parliament and of the Council of 21 May 2008 on ambient air quality and cleaner air for Europe entered into force on June 11 2008, setting a focus on reducing emissions of key airborne pollutants. The New Directive merges multiple existing Directives and a Council Decision into a single Directive on air quality.The Directive sets new standards and target dates for reducing concentrations of PM2.5 (fine particles), which are among the most dangerous pollutants for human health. Member States are required to reduce exposure to PM2.5 in urban areas by an average of 20% by 2020 based on 2010 levels. It obliges them to bring exposure levels below 20 μg/m3 by 2015 in these areas. Member States will need to respect the PM2.5 limit value set at 25 μg/m3 throughout their territory. This value must be achieved by 2015 but should be achieved by 2010 where possible.

The full text of the Directive can be accessed from: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2008:152:0001:0044:EN:PDF

Source: http://europa.eu.int/eur-lex/lex/en/index.htm  (accessed 02/07/08)


DEFRA Consultation on the controls on the handling, transfer and transport of waste

New legislation: closed

The Department for Environment, Food and Rural Affairs have issued a second consultation on the review of the waste duty of care, the registration of waste carriers and brokers and the introduction of improved powers on vehicle seizure.The consultation is divided into two parts. The first includes proposals for the introduction of new powers for the Environment Agency and local authorities to be able to instantly seize vehicles that have been involved in, or are suspected of being involved in, a number of waste offences. The second consults on a number of proposed measures aimed at modernising and simplifying the waste duty of care and waste carrier/broker registration regimes. A draft set of revised regulations are reproduced in both consultation documents. The consultation will end on Monday 8 September 2008.

Further information is available from: http://www.defra.gov.uk/corporate/consult/waste-controls/index.htm Source: http://www.defra.gov.uk/  (accessed 02/07/08)


Consultation on draft REACH Regulations

New legislation: closed

DEFRA, with the Department for Business, Enterprise and Regulatory Reform (BERR) and the Devolved Administrations for Scotland, Wales and Northern Ireland, have issued a consultation inviting views on the Registration, Evaluation, Authorisation and Restriction of Chemicals, commonly referred to as REACH. The consultation is focussed on the draft Regulations and administrative arrangements for REACH's proposed enforcement in the UK. It sets out how the Government proposes to meet the enforcement requirement in a proportionate manner i.e. by ensuring that compliance and enforcement burdens on businesses and the regulators are no greater than is strictly necessary.The consultation will end on 25 August 2008.

Further information is available from: http://www.defra.gov.uk/corporate/consult/reach-enforce/index.htm Source: http://www.defra.gov.uk/  (accessed 02/07/08)


Consultation to inform Scotland's Climate Change Adaptation Framework

New legislation: closed

The Scottish Government have issued a major consultation to ensure Scotland is prepared to address the present effects of climate change while also working to minimise the effects of climate change further into the future. The consultation invites views on proposals for a strategic climate change adaptation framework through which the Scottish Government aims to promote a sustainable approach to climate adaptation. The consultation document forms the first stage of a two-stage consultation process and proposes a number of strategic principles for adapting to the unavoidable impacts of climate change.

Further information is available from: http://www.scotland.gov.uk/Publications/2008/06/23113244/0

Source: http://www.scotland.gov.uk/  (accessed 02/07/08)


Consultation on UK Renewable Energy Strategy

New legislation: closed

The Department for Business, Enterprise and Regulatory Reform (BERR) has launched a consultation on the UK Renewable Energy Strategy, seeking views on how to drive up the use of renewable energy as part of the UK's overall strategy for tackling climate change. The consultation considers a number of measures that have the potential to achieve 15% of the UK's energy consumption from renewables by 2020. These measures aim to stimulate the market to deliver the necessary investment in the most cost effective way by providing a clear long term framework and removing the obstacles to increasing renewable generation - while ensuring that sustainability concerns are minimised. These will help the UK meet its share of the EU target to source 20% of the EU's energy from renewable sources by 2020

Further information is available from: http://renewableconsultation.berr.gov.uk/

Source: http://www.berr.gov.uk/  (accessed 02/07/08)


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