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原文传递 Aggregates Levy: borrow pit change could increase highway project costs

题名：	Aggregates Levy: borrow pit change could increase highway project costs
正文语种：	eng
摘要：	In response to its consultation on the treatment of aggregate removed during construction works, the Government confirmed that it will proceed with its plan to remove an exemption from the Aggregates Levy in most cases where 'borrow pits' are used in construction projects. This will increase costs for many large highways projects. However, there is some good news as the Government is considering further a suggestion for a general and flexible exemption for aggregate incidentally extracted as part of a construction project, which could simplify Aggregates Levy compliance in the future for highway construction and improvement projects. Following a review of the Aggregates Levy in 2019, when the Government rejected major reform, it published a consultation in March 2021, inviting views on six exemptions and exclusions from the levy relating to aggregate removed during construction work. It proposed narrowing the exemption where borrow pits (a pit dug to extract aggregate for a specific purpose, such as building a road embankment, which is generally restored when no longer needed) are used. It also proposed a new exemption for by-product aggregate arising unavoidably when laying underground utility pipes.
出版年：	2022
期刊名称：	Highways
卷：	91
期：	3
页码：	48-49