Environmental tax obligations and breaks
Environmental taxes are designed to encourage businesses to use resources efficiently and discourage business practices that damage the environment.
It's worth finding out if your business can benefit from any environmental tax measures. If you invest in environmentally friendly equipment, you could receive tax breaks. Energy-efficient machinery, for example, qualifies for a 100 per cent tax allowance in the first year you buy it. This allows businesses to offset the costs against taxable profits.
This guide provides information on how environmental taxes are levied, who collects them and who pays them. It also includes information on exclusions, exemptions and tax credits.