Climate Change Levy and Conflict of interest: Difference between pages

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''Tax and environmental policy - UK.''
A situation in which an individual or an organisation has multiple duties or interests which threaten the independence or integrity of their professional work.


(CCL).
Examples of conflicts of interest include being the auditor of a company with which the auditor is connected through a personal or family interest.


The Climate Change Levy is a tax on energy delivered to non-domestic users in the UK, designed to incentivise energy efficiency and to reduce carbon emissions.


Conflicts of interest should normally be avoided altogether.


It applies to most commercial users and public sector bodies.
For example the ethical guidance of the Association of Corporate Treasurers (ACT) defines the fundamental principle of integrity to include:


Domestic, charitable and transport users are generally exempt.
"avoiding conflict between the member’s private self-interest and that of his employer or clients"




Taxable energy sources include electricity, natural gas, liquefied petroleum gas (LPG) and other sources including coal.
 
In certain limited circumstances, it may be possible to deal with some types of conflict of interest by disclosure and appropriate management.




== See also ==
== See also ==
* [[Cap and trade]]
* [[ACT Competency Framework]]
* [[Carbon credits]]
* [[ACT Ethical Code]]
* [[Carbon footprint]]
* [[Auditor]]
* [[Carbon trading]]
* [[Connected person]]
* [[Climate change]]
* [[Independence]]
* [[Emission trading scheme]]
* [[Independent]]
* [[Energy Transitions Commission]]
* [[Integrity]]
* [[Intergovernmental Panel on Climate Change]]
* [[Interest]]
* [[Levy]]
* [[Public interest]]
* [[Listed company]]
* [[Merit order]]
* [[Streamlined Energy and Carbon Reporting]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Ethics]]

Latest revision as of 09:55, 11 September 2022

A situation in which an individual or an organisation has multiple duties or interests which threaten the independence or integrity of their professional work.

Examples of conflicts of interest include being the auditor of a company with which the auditor is connected through a personal or family interest.


Conflicts of interest should normally be avoided altogether.

For example the ethical guidance of the Association of Corporate Treasurers (ACT) defines the fundamental principle of integrity to include:

"avoiding conflict between the member’s private self-interest and that of his employer or clients"


In certain limited circumstances, it may be possible to deal with some types of conflict of interest by disclosure and appropriate management.


See also

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