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Nuclear Energy (Financing) Act 2022

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Changes over time for: Section 18

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18Direction to offer to contractE+W+S

This adran has no associated Nodiadau Esboniadol

(1)The Secretary of State may, in accordance with any provision made by revenue regulations, direct a revenue collection counterparty to offer to contract with a designated nuclear company specified in the direction, on terms specified in the direction.

(2)Revenue regulations may make further provision about a direction under this section and in particular about—

(a)the circumstances in which a direction may or must be given;

(b)the terms that may or must be specified in a direction.

(3)The provision that may be made by virtue of subsection (2) includes provision for calculations or determinations to be made under the regulations, including provision for them to be made—

(a)by such persons,

(b)in accordance with such procedure, and

(c)by reference to such matters and to the opinion of such persons,

as may be specified in the regulations.

(4)The reference in subsection (1) to a designated nuclear company is a reference to a nuclear company in relation to which a designation under section 2(1) has effect.

Commencement Information

I1S. 18 in force at 1.6.2022, see s. 44(2)(b)

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