Clifford Chance

CRC - A Step on the Road to Simplification

7 July 2011

The Government's initial proposals on reforming the CRC go some way to creating the flexibility desired by participants and to stopping the overlap with other regimes. However, the continuing complexity of the regime, and ongoing refusal to re-instate revenue recycling are likely to ensure many stakeholders remain unhappy with the government's simplification efforts. The lengthy timetable for the review is also likely to lead to a last minute rush to register, similar to that experienced by many participants in Phase 1 of the scheme. This briefing analyses the main proposed changes to the scheme.

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