§ Mr. SheermanTo ask the Chancellor of the Exchequer (1) what is the current estimate of the revenue to be expected from the landfill tax; [27378]
(2) what is his estimate of the revenue available for environmental trusts from the landfill tax. [27413]
439W
§ Mr. Heathcoat-AmoryThe estimated net revenue yield from landfill tax is £450 million in a full year. However, because precise figures about the amount of waste sent to landfill are not available centrally, the revenue estimate for the tax is open to a greater than usual margin of error. The estimate assumes that credits of tax amounting to £50 million will be given to site operators in respect of voluntary contributions they make to environmental trusts, although, on the basis of the revenue projection for the tax and the maximum credit entitlement, as much as £100 million is potentially available for trusts in a full year.