The Finance Act 2000, c.17 (FA 2000)

Updated: 23.04.2009
Abbreviated form

FA 2000

Type of law

Act of parliament

Document structure

Part, section, subsection

Entering into force

21.03.2000

Latest amendment

02.07.2008

Future amendments

A new version of the Finance Act (FA) including amendments and complementary provisions is approved every year. The version currently in force is FA 2008, which applies to the fiscal year of 2008/2009.

Purpose

First and foremost, the Act aims at regulating state revenue and reducing national debt.

Relation to renewable energy

The FA 2000 introduced the Climate Change Levy (CCL) for the very first time (section 30 FA 2000 in connection with schedule VI FA 2000 in connection with part IV of the CCL GenReg 2001). It provides fiscal benefits for the use of electricity from renewable sources. Among other things, the FA 2008 set the amount of CCL for 2009/2010. Apart from that, it repealed subsection 4A of section 19 of the Finance Act 2000 (section 149 of the Finance Act 2008 (c.9), removing coal mine methane from the list of renewable energy sources.

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