Labour’s New Quarry Tax to Hike Cost of Building Any House by £28,000 – Guido Fawkes

Labour’s New Quarry Tax to Hike Cost of Building Any House by £28,000

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Labour’s tax plans could inadvertently make housebuilding substantially more expensive. Who would have thought…

The Mineral Products Association is this week railing against plans for changes to the Landfill Tax which are meant to come in next year. The “quarry exemption” will be removed under current proposals set out in Labour’s new consultation. This is where “inert waste materials that cannot be used in construction are exempt from Landfill Tax when used in the restoration of quarried land to create new areas of nature conservation or to bring agricultural land back into use.” An obviously sound exemption…

The association says that this, combined with the plan to switch to a single rate of landfill tax from 2030, would add billions of pounds to quarry operation costs. They also calculate that the additional waste disposal costs would add £22,000-£28,000 to the cost of building new house in the UK. Sector-killing stuff…