Commentary

V22.111 Northern Ireland Tax Credits

Part V22 Aggregates levy

V22.111 Northern Ireland Tax Credits

V22.111 Northern Ireland Tax Credits

After the levy was introduced in 2002, it was realised that – largely because of Northern Ireland's unique position within the United Kingdom in having a land boundary with another EC member state – Northern Irish aggregates producers would suffer a competitive disadvantage as a result of the levy. European state aid clearance was granted and a credit scheme was introduced by the Aggregates Levy (Northern Ireland Tax Credit) Regulations 2002 (SI 2002/1927).

It was announced in the 2004 Budget Statement that this relief was to be extended both in scope and duration1. New legislation2 came into force on 1 August 2004 and applied to the period from 1 April 2004 to 31 March 2011. It was to be extended for a further ten years from that date3 and applied both to aggregate in processed products such as concrete and asphalt, and to virgin aggregate in its raw state4.

The

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