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Article: Scrapping 'eco tax' will kill small firms
- Article from:
- Gloucestershire Echo, The
- Article date:
- October 31, 2009
- Author:
CopyrightCopyright 2009 Gloucestershire Echo, The. Provided by ProQuest LLC. (Hide copyright information)
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A BIOFUEL firm has warned that scrapping a 20p tax "buffer" on
its products could force small companies to go under.
Green Fuels Ltd, which makes equipment to convert cooking oil
into a sustainable biofuel, believe the changes will "wipe out"
small-scale commercial production in the UK.
The Stonehouse company, which was set up in 2003, has seen its
sales drop by more than Pounds 1 million over the last year, and is
now focusing mainly on exports.
Bosses are also considering shifting more of their operations and
manufacturing to their US office.
Instead it will focus on small scale equipment used for on-site
recycling of waste cooking oil and production below the duty
threshold of 2,500 ...