These Regulations amend the Climate Change Levy (General) Regulations 2001 following the introduction of carbon price support (CPS) rates of climate change levy (CCL) as provided for by the Finance Act 2000. They, among other things: entitle a registrable person who has overpaid the CPS rate of CCL on a deemed supply to reclaim the overpayment; insert a new regulation 40A to provide that a quantity of a commodity is not to be the subject of a deemed supply under paragraph 24A of the Act if, by virtue of regulation 40(2), it is the subject of a taxable supply; impose a civil penalty for failing to carry out a review required under new Schedule 3 of the correctness of the quantity of fossil fuels that is referable to the production of electricity in a CHP station.
United Kingdom of Great Britain and Northern Ireland · 2013-03-26