RATES BOX
October 1st, 2003
BY KEITH NUTHALL
Under the legislation, natural gas used for heating must attract indirect taxes of at least Euro 0.15 per gigajoule (gross calorific value) for business use and Euro 0.30 for non-business use. Taxes of Euro 0.50 per MWh must be imposed on electricity consumed by business and Euro 1 for non-business users.
Member States can choose how they levy these taxes, although most will probably widen their excise duty systems.
Under the legislation, natural gas used for heating must attract indirect taxes of at least Euro 0.15 per gigajoule (gross calorific value) for business use and Euro 0.30 for non-business use. Taxes of Euro 0.50 per MWh must be imposed on electricity consumed by business and Euro 1 for non-business users.
Member States can choose how they levy these taxes, although most will probably widen their excise duty systems.
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