Recently published research from Timetric, "The UK's Mining Fiscal Regime: H1 2014", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 08/07/2014 --UK mining industry is regulated by Department of Energy and Climate Change (DECC). The UK Coal Authority is the Non-Departmental Public Body (NDPB) sponsored by the DECC responsible for issuing licenses for coal exploration and mining.

The Coal Industry Act 1994 and the Coal Mining Subsidence Act 1991 are the main governing acts for mining in the UK.

Report Highlights:

- Department of Energy and Climate Change (DECC) is responsible for policy making and ensuring compliance with regulations under European treaties.

- The Coal Authority is the owner of country's coal resources and has the right to issue licenses for coal exploration and mining.

- The Mine (Shafts and Winding) Regulations 1993 is also applicable for the mines that are being operated.

Report Scope:

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The report outlines the UK's governing bodies, governing law, licenses and permits and key fiscal terms which includes License Fees, Corporate Income Tax, Capital Gains Tax, Stamp Duty Land Tax, Withholding Tax, Loss Carry Forward, Depreciation Rates, Value Added Tax, VAT and Climate Levy Change.

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