Opencast Mining: Tax Yields

(asked on 17th September 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much has accrued to the public purse in tax receipts from the extraction of coal from open cast mines over the period 1995 to 2015.


Answered by
Damian Hinds Portrait
Damian Hinds
This question was answered on 12th October 2015

There are no taxes levied specifically on open cast coal mining. This activity is subject to the UK's general taxation regimes such as VAT and Corporation Tax. However it is not possible to say how much revenue these taxes raise from open cast mines, as the number of companies involved is below the Government’s threshold for disclosing tax liabilities.

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