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Energy Tax – it may be worth checking what reliefs you can qualify for

HMRC have recently changed energy tax exemption thresholds in line with the energy crisis. If your energy costs have risen substantially, it may be worth checking what reliefs you can qualify for.

Energy Intensive Industries (EII) can access tax exemptions on their energy spend, including Climate Change Levy, Contract for Difference, Feed-in Tariff, and Renewable Obligation, offering savings from 7-25%, with a 4-year rebate for overcharges in CCL.

HMRC sets criteria based on SIC codes and energy intensity thresholds. Bonham and Brook specialize in identifying eligibility for passing the business level test, particularly within the diverse SIC codes of the metals industry.

A standout advantage is the Competitor Advantage clause, allowing exemption applications even if the energy intensity threshold isn’t met, provided a similar SIC code company succeeded.

Moreover, Bonham and Brook collaborate with a sustainability expert, advising on solar opportunities and addressing energy broker mis-selling claims, delivering a comprehensive service beyond tax exemptions for EII.

Bonham and Brook