Landfill tax changes for 'trommel fines'
- 25 May 2012
- Legislation News
Published on 18 May 2012 - HMRC
Previously fines were charged at the lower landfill tax rate of £2.50 for inert material, but now, they have been reclassified and will be charged at the full rate of £64 a tonne for active material.
The impact of these changes is already huge with many companies seriously considering how they will beable to continue this line of business, and most expect the cost of waste management services and especially skip hire, to substantially increase in the immediate future.
Looking to the future could this new legislation have a positive impact on the environment by diverting large amounts of C & D waste from landfill?
If these fines can be succesfully separated and sold on for re-use, will there be potential financial gains for those comapnies who can find a cost effective solution to sorting the fines?
Please let the hub-4 know your thoughts and solutions to this recent change which is having massive implications on the recycling industry: