One-off 2012 tax on operators of installations covered by CO2 emission allowances
The 2012 Finance Act creates, for 2012 only, a tax payable by operators of installations covered by the EU emissions trading system that received at least 60,000 allowances over 2008-2012. Its rate, set by order between 0.03% and 0.07%, applies to 2011 turnover excluding VAT; the amount is capped at €6.18 per allowance allocated. It funds the allowance reserve for new entrants.
Measure originators
European origin
EUA positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Affects about 400 industrial and energy companies according to the Senate. The tax fell due on 1 January 2012 and was declared and paid with the VAT return for March or the first quarter of 2012. One-off levy, not renewed.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne