SCHEDULES

C1SCHEDULE 5 Landfill Tax

Annotations:
Modifications etc. (not altering text)

Part VII Miscellaneous

Adjustment of contracts

45

1

This paragraph applies where—

a

material undergoes a F1... disposal,

b

a payment falls to be made under a disposal contract relating to the material, and

c

after the making of the contract there is a change in the tax chargeable on the F2... disposal.

2

In such a case the amount of any payment mentioned in sub-paragraph (1)(b) above shall be adjusted, unless the disposal contract otherwise provides, so as to reflect the tax chargeable on the F3... disposal.

3

For the purposes of this paragraph a disposal contract relating to material is a contract providing for the disposal of the material, and it is immaterial—

a

when the contract was made;

b

whether the contract also provides for other matters;

c

whether the contract provides for a method of disposal and (if it does) what method it provides for.

4

The reference in sub-paragraph (1) above to a change in the tax chargeable is a reference to a change—

a

to or from no tax being chargeable, or

b

in the amount of tax chargeable.