Business Facing a Wave of Green Taxes

Thousands of British businesses will be liable for significant fines and charges under a new government “green tax” scheme.

Companies that fail to register their energy use by next month will be hit with fines that could reach £45,000 under the little-known rules.

Those that do participate in the Carbon Reduction Commitment (CRC) initiative by declaring their energy use will face charges for every ton of greenhouse gas they produce.

These payments are expected to average £38,000 a year for medium-sized firms, and could reach £100,000 for larger organisations.'

Read more...