MP backs biodiesel tax break project
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently make cash from used cooking oil".
He included: "In order to have the ability to get this sort of industry going it does need simply a little bit of lift which can be found in the kind of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
austinbalog969 edited this page 2025-01-12 02:59:41 +09:00