A discussion on the various methods of application for landfill tax credit funding for environmental and community projects

摘要

In October 1996, the UK Government introduced the Landfill Tax, under the Finance Act as a fiscal measure to ensure that landfill waste disposal is priced so as to reflect its environmental cost and to help promote a more sustainable approach to waste management, through driving the waste hierarchy. The Landfill Tax Credit Scheme was introduced in order that a proportion of the money raised by the tax could be directed to Environmental Bodies to be used for certain types of environmental projects which complement the objectives of the Landfill Tax. Landfill Operators participating in this voluntary scheme have established various ways of managing applications from Environmental Bodies for Landfill Tax Credits. This paper sets out to give an overview of project development and the funding process within the Scheme, establish and discuss the various methods of Landfill Tax fund management, the types of Environmental Bodies that are participating in the Scheme and consider the influence of the Scheme's regulatory body ENTRUST.