Budget Report 2004/05   Main Home Page - Walderslade AccountingWAS Ltd - Budget Report 2004/05
Business Impact | IOD | Under 18's | Evironment   Home | Who We Are | Services | Guarantees | News | Contact

Introduction Budget Highlights Business Tax And Investment Incentives Capital Taxes Duties Income Tax and Personal Savings Value Added Tax Company Cars National Insurance Other Measures Announced Tax Calendar

Main Home Page - Walderslade Accounting
Tel: 01634 309440
info@wasltd.co.uk


Polluters to pay' under new EU legislation

The European Union has agreed on new legislation which will force industries that pollute the environment to pay for rectifying the damage caused.

EU environment commissioner, Margot Wallstroem, said, ‘The idea that the polluter must pay is a cornerstone of EU environment policy, and with the new directive, we are, for the first time, putting the "polluter pays principle" into practice in a comprehensive manner’.

However, many environmentalists have expressed disappointment in the new legislation, which does not cover nuclear or marine oil pollution, and will not at this stage require industry to take out insurance against damage to the environment.

Under new climate change laws, which have recently come into force, all EU countries must monitor their greenhouse gas emissions, implementing strict accounting, reporting and reviewing measures.

Meanwhile, MPs have been warned that Britain could face an energy crisis as early as 2006, because of under-investment in the UK electricity network.

Experts have raised concerns that the Government’s current renewable energy strategy will not be sufficient to replace nuclear and coal-fired stations, as these are phased out.

Last summer, both London and Birmingham experienced significant power blackouts.



Walderslade Accounting Services - email us today at info@wasltd.co.uk
   

 

Home | Who We Are | Services | Guarantees | News | Contact

 

© Copyright 2001-2004 Walderslade Accounting Services Limited