Ritchie welcomes European Commission ruling on Aggregates Levy Scheme | Latest Newry News, Newry Sport and Newry Business for Newry City

Ritchie welcomes European Commission ruling on Aggregates Levy Scheme

SDLP MP for South Down Margaret Ritchie has welcomed the European Commission’s decision on the compatibility of the Aggregates Levy Credit Scheme (ALCS) with state aid rules.

Speaking from Westminster Ritchie stated, “I was extremely happy to hear that the full decision of the European Commission that the ALCS was compliant with State aid rules and therefore that they did not need to order recovery , subject to the introduction of a scheme to allow for credits for aggregate imported into Northern Ireland between 2004 and 2010.

“The Quarry Products Association Northern Ireland deserves an enormous amount for credit for working constructively with the European Commission and the UK Treasury to secure this favourable outcome for the Northern Ireland aggregates industry.

“I have full confidence that they will support local operators as they submit claims for repayment of overpaid levy covering the period from 1 April 2004 – 30 November 2010.

Ritchie added, “This decision means that the industry can move on with confidence and this is a boost for our wider construction industry. I will now continue to work to ensure that the UK Treasury re-instate the levy as quickly as possible and will be part of a delegation meeting Treasury Minister Priti Patel to discuss this next week.”

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Posted by on Nov 19 2014. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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