Measure
The government announced that aggregates levy (AGL) would be the subject of a comprehensive review led by HM Treasury in the Spring Statement 2019. This review, incorporating a public consultation, was carried out throughout the course of 2019.
The government has announced today that it will be publishing a summary of the responses to the consultation, which will also set out its next steps. No timeframes have been provided for the release of this document.
The government has also announced that the AGL rate will remain frozen throughout 2020/21.
Businesses currently required to account for AGL on aggregate that they commercially exploit.
There will be no practical change to the amount of AGL that needs to be accounted for in 2020/21. Any changes resulting from the government’s consultation will likely take place in future financial years.
It was unclear when further detail will be provided. In the absence of this, businesses are likely to have at least another financial year of the status quo being maintained before any substantive changes (assuming there are any) are made to the regime.