MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently benefit from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George said "a number of little businesses in Cornwall presently generate income from used cooking oil".
He included: "In order to be able to get this sort of industry going it does require just a little bit of lift which comes in the kind of tax inescapable."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
franklincani3 edited this page 2025-01-18 02:03:03 +03:00