§ Mr. LidingtonTo ask the Chancellor of the Exchequer what the reasons are for his projection in Budget 2002, page 217, table C7, of a 50 per cent. increase in revenue from the climate change levy in 2002–03, compared with 2001–02. [52950]
§ Mr. Boateng[holding answer 26 April 2002]: The apparent growth in climate change levy receipts between 2001–02 and 2002–03 is largely due to start-up effects reducing the cash received in 2001–02.
Climate change levy was introduced on 1 April 2001 and became liable on energy transactions from that date. Start-up effects could have been present up to September and receipts for 2001–02 were £0.6 billion.
Financial year 2002–03 will be the first full year of CCL receipts which are forecast to be £0.9 billion.