Government launches a review of business energy taxes

The government has launched a review of business energy taxes following its announcement in the Summer Budget that it will examine ways to improve and simplify them.

Since the Budget, the government has sought the opinions from a wide range of businesses, academics and other bodies. The published consultation puts forward proposals to reform business energy efficiency and policy and invites views from interested parties.

The review will look  to fulfil key government objectives of boosting business productivity, supporting growth, and decarbonising the economy, as laid out in its productivity plan “Fixing the Foundations: Creating a more prosperous nation”.

Exchequer Secretary to the Treasury Damian Hinds said: “This government wants to create a sustainable tax system for businesses that is fair and simple and supports growth. We recognise business concerns around the complexity of business energy efficiency policy and we want to create a simpler and more stable environment.

“This will in turn help increase the productivity of our businesses and boost our economy, while at the same time delivering on our commitment to save carbon.”

Secretary of State for Energy and Climate Change, Amber Rudd, said the move to a low carbon economy is “vital” for the UK’s long-term economic and environmental success. She said: “We are determined to do so in a way that backs business and helps them to innovate, grow and create jobs.

“We want to reduce the burden on business and make it easier for them to grasp the opportunities that clean growth represents.”

The government said it will welcome views from businesses, organisations and the public with the consultation process open until 9 November.

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