administration offset electricity telecom form countries union demand vehicles chinese crude businesses good cuts windfall commerce bank starmer high clear 10000 crore housing official sir telcos tax truss think budget

Articles for Levies, search results for costs

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
1 week, 5 days ago

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items

Live Mint  

Industry experts expect a reduction in GST rates on health insurance at the forthcoming GST Council meeting on December 21, 2024. However, if health insurance is exempted from GST for all or specified persons, the insurance companies would lose out on input tax credits to that extent and accordingly, the reduction in costs can be less than the amount of …

Health Insurance Tax Health Insurance Gst Council Gom Mani
​Soothing salvo: On new Group of Ministers and tax changes for insurance policies
3 months, 2 weeks ago

​Soothing salvo: On new Group of Ministers and tax changes for insurance policies

The Hindu  

Meeting for the second time after the 2024 general election results, the Goods and Services Tax Council on Monday sought to calm some of the rising clamour against the 18% indirect tax levy on insurance premium payments. A new Group of Ministers is being formed to urgently recommend tax changes for life and health insurance policies, with an assurance the …

Council Gst Health Cover Insurance Policies Soothing Salvo Tax Changes
Gas bills could rise by £1,000 to pay for wind power
7 months ago

Gas bills could rise by £1,000 to pay for wind power

The Telegraph  

Gas bills are projected to rise by around £1,000 to pay for wind power under official plans currently being considered by the Energy Secretary. Claire Coutinho received a report earlier this year that suggested moving some or all green levies from household electricity bills to gas bills, or shifting them into general taxation. A new analysis by Cadent, a gas …

Energy Gas Bills Energy Bills Ms Coutinho Electricity Bills Gas Bills
Household electricity bills could be slashed by £142 in green rethink
8 months, 3 weeks ago

Household electricity bills could be slashed by £142 in green rethink

The Telegraph  

Claire Coutinho is considering removing £4bn of green levies from household electricity bills, amid warnings they are making heat pumps and electric cars more costly. The suggested changes have been put forward amid concerns that the weight of green levies on electricity bills are holding back progress on net zero. Green levies – also known as “policy costs” – fund …

Electricity Electricity Bills Green Levies
Energy bills: How Boris Johnson is still caught in a trap laid by Labour’s Ed Miliband
2 years, 10 months ago

Energy bills: How Boris Johnson is still caught in a trap laid by Labour’s Ed Miliband

The Telegraph  

Critics say state interventions adopted by the Tories have prevented the energy market from operating competitively, driving up costs even before the recent rise in wholesale prices. The problems date back to 2008, when the Labour government imposed a series of green levies on households through their energy bills using the Climate Change Act, the brainchild of Mr Miliband. David …

Energy Labour Cost Boris Johnson Mr Miliband Energy Bills Electricity Bills
Rishi Sunak planning council tax cuts and state-backed loans for energy firms to ease bills crisis
2 years, 10 months ago

Rishi Sunak planning council tax cuts and state-backed loans for energy firms to ease bills crisis

The Telegraph  

The Bank of England is also expected to announce an increase in interest rates on Thursday, potentially from 0.25 per cent to 0.5 per cent - further squeezing families with mortgages. For weeks, MPs have been calling on Mr Sunak to cut the 12 per cent of energy bills that goes towards funding green energy programmes, known as “green levies”. …

Tax Cent Rate Tax Cuts Green Levies