HMRC Landfill Tax Enquiry Sample Clauses

HMRC Landfill Tax Enquiry. The Biffa Group is currently the subject of an HMRC enquiry (the “Enquiry”) regarding certain aspects of its Landfill Tax compliance as part of concerns HMRC has regarding possible misclassification of waste across the industry. Operators of landfill sites, such as Biffa, are responsible for collecting Landfill Tax and paying it to HMRC. Excise Notice LFT1: a general guide to Landfill Tax (“LFT1”) sets out guidance published by HMRC on the application of Landfill Tax legislation to the activities of landfill site operators. Biffa strongly refutes HMRC’s concerns, is fully co-operating with HMRC in relation to the Enquiry and is receiving advice from Xxxxx & Xxxxx (“EY”). There are a range of possible outcomes to the Enquiry and it is difficult to accurately ascertain the quantum of any potential liability arising from the enquiry with any certainty or precision. To date, no formal claim for tax has been received from HMRC, there is no certainty that HMRC will bring a claim and it is likely that it will be some time before the Enquiry reaches a conclusion. Background to the Enquiry In February 2020, Biffa Waste Services Limited (“BWSL”) was notified by HMRC that it had concerns regarding certain aspects of Landfill Tax compliance that may have led to an underpayment of Landfill Tax and was conducting an enquiry, primarily relating to the interpretation of the qualifying fines regime set out in LFT1. HMRC also raised concerns, based on its analysis of BWSL’s data, over the potential conduct of BWSL and specific customers which may have led to the incorrect rate of Landfill Tax being paid. In May 2020, an interim report was submitted by EY and BWSL to HMRC addressing a number of the concerns raised by HMRC and outlining some immediate changes to processes at landfill sites operated by Biffa, which were made on a without prejudice basis, to mitigate the risk of any ongoing potential liability. In March 2021, a disclosure report and supporting data (the “Disclosure Report”), prepared by EY and BWSL, was submitted to HMRC. The declared liability of BWSL in the Disclosure Report was approximately £170,000, with the other concerns, including those relating to the potential conduct of BWSL and specific customers, strongly refuted. In February 2022, BWSL received a further letter from HMRC which responded to a number of specific findings in the Disclosure Report, asserted specific amounts that they considered were due and indicated that HMRC would be carrying out fu...
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Related to HMRC Landfill Tax Enquiry

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  • EQUIPMENT TAX ASSESSMENT 17.1 Any bid for public improvement shall comply with Nebraska Revised Statutes Section 77-1323 and 77-1324. Indicating; every person, partnership, limited liability company, association or corporation furnishing labor or material in the repair, alteration, improvement, erection, or construction of any public improvement shall sign a certified statement which will accompany the contract. The certified statement shall state that all equipment to be used on the project, except that acquired since the assessment date, has been assessed for taxation for the current year, giving the county where assessed.

  • General Tax Covenant The Recipient shall not take any action or fail to take any action which would adversely affect the exclusion of interest on the Infrastructure Bonds from gross income for federal income tax purposes;

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  • Internal Taxation 1. The Parties shall refrain from any measure or practice of an internal fiscal nature establishing, whether directly or indirectly, discrimination between the products of one Party and like products originating in the other Party.

  • 342 Hazardous Substances Purchaser shall notify the National Response Center and Contracting Officer of all releases of reportable quantities of hazardous substances on or in the vicinity of Sale Area that are caused by Purchaser’s employees, agents, contractors, Subcontractors, or their employees or agents, directly or indirectly, as a result of Purchaser’s Operations, in accordance with 40 CFR 302.

  • Hazardous Material Such Obligor will not, and will not permit any of its Subsidiaries to, use, generate, manufacture, install, treat, release, store or dispose of any Hazardous Material, except in compliance with all applicable Environmental Laws or where the failure to comply could not reasonably be expected to result in a Material Adverse Change.

  • No Storing Hazardous Articles Not to keep or store any offensive, combustible, obnoxious, hazardous or dangerous articles in the said Apartment, the Common Areas, and the Building.

  • Contractor to Pay All Taxes Except for any applicable California sales and use taxes charged by Contractor to City, Contractor shall pay all taxes, including possessory interest taxes levied upon or as a result of this Agreement, or the Services delivered pursuant hereto. Contractor shall remit to the State of California any sales or use taxes paid by City to Contractor under this Agreement. Contractor agrees to promptly provide information requested by the City to verify Contractor’s compliance with any State requirements for reporting sales and use tax paid by City under this Agreement.

  • Prior Environmental Impacts Nothing in this Article will be construed to make Company liable in any way for any environmental impacts or release of Hazardous Substances affecting the Company Premises that occurred prior to Company’s entry upon the Company Premises or that occurred as a result of the actions of Authority or any of its employees, agents, or contractors.

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