Transitional provisions: inputs efficiency percentage and outputs partly exempt limit
This
adran has no associated
Memorandwm Esboniadol
7.—(1) Paragraph (2) applies only if regulation 4 results in a limit (“A”) for calendar year 2005 that is less than the limit (“B”) that would have applied for that year under regulation 5(2) of the Climate Change Levy (Combined Heat and Power Stations) Prescribed Conditions and Efficiency Percentages Regulations 2001(1).
(2) The limit in regulation 4 for 2005 is then the following sum.
X
=
365 - Y
Y
=
the number of days elapsed for 2005 up to and including the day these Regulations are made.