TheCompensators* » Compensate and pay less: pollution rights become tax-free for us!

Compensate and pay less: pollution rights become tax-free for us!

It is now cheaper to compensate your emissions! TheCompensators* do not have to pay anymore VAT on the pollution rights they are buying and deleting. We have received these good news from our tax office.

The reason is that there has been a recent change to emissions trading. Until now our broker had to pay VAT for emissions certificates. This is why we always had to add the taxes on the current emissions price. From now on, it is up to the buyer of EUAs to pay VAT – hence theoretically us. But as we are a non-profit organisation, we are exempt from paying the tax!

In a few words: We have got to pay around 20% less for emissions rights! Thus, compensating is becoming a lot less expensive for everyone of you. This does also mean that spending the same amount of money we can take away a lot more emissions rights from industry.

Due to this change in legislation we also have got more money left to delete pollution rights. As for a long time it was not clear if we had to pay VAT, we had always put aside money to pay the taxes. Now we can now use this amount to buy and delete more EUAs!

Compensate your emissions now!

 

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