Finance

Contaminated Land Insurance

CLS have announced an expansion of their contaminated land insurance suite:
“Following the success of the recent collaboration of CLS and Landmark Information Group (LIG) to bring you market leading environmental insurance with Homecheck Professional, CLS are pleased to announce that we are now expanding our suite of contaminated land products to offer further cover options for both residential and commercial properties.”

Contaminated Land Grants Restoration Rejected by Government.

A recent Environment Audit Committee report found that local councils have insufficient funding for Part 2A contaminated land remediation. IMAG3971

It feels there should be dedicated funding to remediate this type of land and says that Defra should go back over its decision to cut capital grant funding in 2013. It is of the opinion that local councils would be less likely to clean up these sites without funding from central Government.

In a report of June last year, the EAC estimated that 300,000ha of UK soil is affected by toxic elements, such as cadmium, arsenic, and lead.

“Cash-strapped local councils need funding to deal with contaminated land that could pose a risk to public health,” said EAC member Mary Creagh MP, responding to Whitehall’s rejection of the committee’s proposals. Adding, “Defra’s decision to abolish capital grant funding for contaminated land has all but halted councils’ ability to investigate and clean-up contaminated sites…It is disappointing to see the Government has ignored our recommendation to reinstate this…Contaminated sites in areas with high land values will be cleaned up by developers, but sites in areas such as Middlesborough, Newcastle, Liverpool, Cornwall and York risk not being investigated or cleaned up, blighting homes and ruining lives,..”

Landfill Tax Consultation

HMRC have launched a consultation, the document sets out its purpose and scope thus:

Subject of this consultation:

Landfill Tax: improving clarity and certainty for taxpayers.

 

Scope of this consultation:

Following the announcement in Budget 2016 this consultation seeks views on proposals to amend the definition of a taxable disposal of waste at a landfill site, with the aim of clarifying the scope of the tax. The consultation also calls for information and views on the limited circumstances where hazardous waste falls within the scope of The Landfill Tax (Qualifying Material) Order 2011.

 

Who should read this:

Operators of landfill sites and other waste sector interests in England, Wales and Northern Ireland; other producers of waste including energy generators and representative bodies.

Duration: The consultation will run for 12 weeks from 26 May 2016 to 18 August 2016.

Budget 2016 – Items impacting Contaminated Land and Flood Risk

2016 Budget Briefing