In section 43 of the Finance Act 1996 (material removed from water), after subsection (4), insert—
“(5)
A disposal is not a taxable disposal for the purposes of this Part if it is shown to the satisfaction of the Commissioners that the disposal is of material all of which comprises material falling within subsection (1) or (3) and other material which has been added to that material for the purpose of securing that it is not liquid waste.”.
8th October 2007
Dave Watts
Frank Roy
Two of the Lords Commissioners of Her Majesty’s
Treasury
This Order, which comes into force on 30th October 2007, amends section 43 of the Finance Act 1996. That section provides for an exemption from landfill tax for the disposal of waste removed from water.
Article 2 of the Order adds new subsection (5) to section 43. This exempts from landfill tax the disposal of material all of which comprises material that has been removed from water and other material that has been added to it so that it is not liquid waste.
A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
