Streamlined Energy and Carbon Reporting and Tax credit: Difference between pages

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''Environmental policy - UK.''
1.  


(SECR).
A reduction in a tax liability, directly reducing the net amount of tax payable.


The UK's Streamlined Energy and Carbon Reporting (SECR) framework was introduced in April 2019.  
For example, the tax credit under the 'imputation system' which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.  


It is designed to simplify existing energy and carbon reporting policies and to reduce the administrative burdens imposed on organisations.  
In some circumstances a net amount of tax repayable, resulting from certain types of tax credit, can be refunded to the taxpayer in cash.




Listed UK companies are required to report their greenhouse gas (GHG) emissions.
2.


In addition, they are required to start reporting, where practical, on their global total energy use.
Less commonly, a smaller indirect reduction in a tax liability, by way of a deduction from the net taxable profits.


They are also required to report on energy efficiency actions from the previous year.


3.


Other non-listed large organisations are subject to similar but lighter reporting requirements.
''UK personal tax''.


 
A payment from the UK tax authorities to an individual with childcare responsibilities, low income, or both.
SECR replaced the UK's Carbon Reduction Commitment Energy Efficiency Scheme (CRC Scheme).
 
 
The tax element of the former CRC scheme is replaced by the Climate Change Levy.




== See also ==
== See also ==
* [[Cap and trade]]
* [[Credit]]
* [[Carbon]]
* [[Credit relief]]
* [[Carbon credits]]
* [[Expense relief]]
* [[Carbon footprint]]
* [[Deductions]]
* [[Carbon reporting]]
* [[Dividend]]
* [[Carbon trading]]
* [[Foreign tax credit]]
* [[Climate Change Levy]]
* [[Imputation system]]
* [[CRC Energy Efficiency Scheme]]
* [[Income Tax]]
* [[Emission trading scheme]]
* [[Tax relief]]
* [[Energy Transitions Commission]]
* [[Financial reporting]]
* [[IPCC]]
* [[Listed company]]
* [[Merit order]]
* [[Partnership for Carbon Accounting Financials]]  (PCAF)


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

Revision as of 11:32, 31 August 2016

1.

A reduction in a tax liability, directly reducing the net amount of tax payable.

For example, the tax credit under the 'imputation system' which wholly or partially imputes to the shareholders some of the corporation tax paid by companies on the income out of which dividends are paid.

In some circumstances a net amount of tax repayable, resulting from certain types of tax credit, can be refunded to the taxpayer in cash.


2.

Less commonly, a smaller indirect reduction in a tax liability, by way of a deduction from the net taxable profits.


3.

UK personal tax.

A payment from the UK tax authorities to an individual with childcare responsibilities, low income, or both.


See also

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