Commission clears Danish energy tax break
The European Commission has recommended EU approval under the 1992 mineral oils directive for a Danish request to lower ecotax rates on heavy fuel oil and heating oil used by energy-intensive businesses. Denmark applied to introduce the lower rate - which will cuts taxes by 22% for 60 to 80 business - after realising that some firms were paying more than envisaged when a tax on energy to produce heating and hot water was introduced in 1998. Businesses will have to improve energy efficiency to qualify for the reduced rate. See proposal.