Printer Friendly

Cereals Authority levy rates pegged.

The Home-Grown Cereals Authority levy rates payable by cereal and oilseed growers and cereal dealers and processors are to remain the same as last year.

An Order laid before Parliament on June 10, 2003 set the levy rates applying from July 1 this year to June 30, 2004.

The detailed rates are:

1. The cereal grower levy remains at 40p (plus VAT) per tonne on cereals sold into intervention by a grower directly or through an intermediary

2. The cereal dealer levy remains at 43.3p (plus VAT) per tonne of cereals purchased direct from growers (this figure includes a sum equal to the cereal grower contribution of 40p, plus VAT)

3. The standard rate cereal processor levy remains at 8.25p (plus VAT) per tonne on cereals sold and delivered to cereal processors other than animal feed processors

4. The reduced rate cereal processor levy remains at 4p (plus VAT) per tonne on cereals sold and delivered to animal feed processors

5. The oilseed grower levy remains at 65p (plus VAT) per tonne on oilseeds sold by growers.

HGCA Levy Scheme rules require that liability for payment of levy arises when property in the cereals and oilseeds passes to the purchaser.

In all cases the purchaser is required by the terms of the Levy Scheme to register with the HGCA and collect the levy.

These rules apply to all buyers, including other farmers purchasing directly as an alternative to buying from a dealer or merchant.
COPYRIGHT 2003 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:The Journal (Newcastle, England)
Date:Jul 11, 2003
Words:246
Previous Article:Tests suggested on TB risk.
Next Article:Today's recipe.


Related Articles
Lakeside vote may not set tax.
North expert reappointed to cereals job.
Cereals authority devises software.
HCC to survive axing of boards.
One levy board to emerge in shake-up.
farming: HGCA cereals funding strategy drawn up.
John Bridge had been appointed as Chair Designate of the new UK statutory agricultural and horticultural levy board.
Cereal farmers get chance to have say.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters