Biodiversity: Tax Allowances
The question
To ask the Chancellor of the Exchequer, whether her Department has plans to issue guidance on the tax treatment of payments received under the Biodiversity Net Gain scheme.
Answered by James Murray
The Government has established the joint HMT/HMRC working group with industry representatives to identify solutions that provide clarity on the tax treatment of ecosystem service markets, including the Biodiversity Net Gain scheme. The work of the group is currently ongoing.
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