The Climate Change Levy (General) (Amendment) Regulations 2012

Amendments to the Climate Change Levy (General) Regulations 2001

11.  In Schedule 1—

(a) in the heading after “EXEMPT” insert “, RECYCLING LOWER-RATE”;

(b) in paragraph 2—

(i) in the CCL relief formula, after “0.65R” insert “+ 0.8L”;

(ii) in the definition of “M” omit sub-paragraph (fa);

(iii) after the definition of “0.65R” insert—

“0.8L = 80% of the quantity of the taxable commodity referable to the sum of every recycling lower-rate part.”;

(c) in paragraph 3(1)—

(i) after “regulation 35(2)” insert “(recycling lower-rate and reduced-rate)”;

(ii) for “(reduced rates)” substitute “(reduced-rate for certain supplies to a facility covered by a climate change agreement)”;

(d) in paragraph 5—

(i) in sub-paragraph (7)—

(aa) for “45A” substitute “43B”;

(bb) for “Reduced-rate supplies” substitute “Supplies for use in scrap metal re-cycling and reduced-rate supplies”;

(ii) in sub-paragraphs (8) and (9C) for “45A(2)” substitute “43B(2)”;

(iii) in sub-paragraph (9) for “45A(2)(a)” substitute “43B(2)(a)”;

(e) in paragraph 6(1)—

(i) in sub-paragraph (c) before “a reduced-rate supply” (in both places) insert “a recycling lower-rate supply or”;

(ii) after sub-paragraph (c) insert—

“(ca) after a taxable supply has been made on the basis that it was (to any extent) a recycling lower-rate supply, it is determined that the supply was such a supply to a greater extent than previously determined;”;

(f) in paragraph 9(5) for “three” substitute “4”.