SCHEDULE 31 Climate Change Levy: Climate Change Agreements
Finance Act 2012 (2012 c 14) | Legislation

SCHEDULE 31 Climate Change Levy: Climate Change Agreements

Section 207

1

Schedule 6 to FA 2000 (climate change levy) is amended as follows.

2

In paragraph 44(1)(a), (2A) and (2C) (definition of “reduced-rate†supply) for “Secretary of State†substitute “Administratorâ€.

3

In paragraph 45(1) (variation of certificates under paragraph 44) for “Secretary of State†substitute “Administratorâ€.

4

In paragraph 45B(2) and (6) (removal of reduced rate) for “Secretary of State†(wherever occurring) substitute “Administratorâ€.

5

In the cross-heading before paragraph 47 omit “with Secretary of Stateâ€.

6

In paragraph 47(1) (definition of “climate change agreementâ€: direct agreements)—

(a)     in paragraph (a), for “Secretary of State†substitute “Administratorâ€,

(b)     omit the “and†after paragraph (f),

(c)     in paragraph (g)—

(i)     for “five-yearly†substitute “seven-yearlyâ€, and

(ii)     after “Secretary of State†insert “or the Administratorâ€, and

(d)     after paragraph (g) insert

“, and

(h)     containing any terms required by regulations falling within paragraph 52E.â€

7

(1)     Paragraph 48 (definition of “climate change agreementâ€: combination of umbrella and underlying agreements) is amended as follows.

(2)     In sub-paragraph (3)(c)—

(a)     for “five-yearly†substitute “seven-yearlyâ€, and

(b)     after “Secretary of State†insert “or the Administratorâ€.

(3)

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