"There are however a number of areas where the chancellor has missed an opportunity to help the industry and support the government's own policies. In particular, he failed to embrace those manufacturers that wanted to commit to energy savings by extending negotiated agreements under the climate change levy. We were also disappointed that the new raft of environmental measures were not extended to cover the whole range of energy-efficient products eligible for 5% vat."
The CPA adds that it is pleased with the government's decision to base research and development tax credit for large companies on volume.
Source
Building Sustainable Design
No comments yet