42(1)The amount payable by way of levy on a taxable supply is—U.K.
(a)if the supply is neither a half-rate supply nor a reduced-rate supply, the amount ascertained from the Table in accordance with sub-paragraph (2);
(b)if the supply is a half-rate supply, 50 per cent. of the amount that would be payable if the supply were neither a half-rate supply nor a reduced-rate supply;
(c)if the supply is a reduced-rate supply, 20 per cent. of the amount that would be payable if the supply were neither a half-rate supply nor a reduced-rate supply.
[F1TABLE
| Taxable commodity supplied | Rate at which levy payable if supply is not a reduced-rate supply |
|---|---|
| Electricity | £0.00456 per kilowatt hour |
| Gas supplied by a gas utility or any gas supplied in a gaseous state that is of a kind supplied by a gas utility | £0.00159 per kilowatt hour |
| Any petroleum gas, or other gaseous hydrocarbon, supplied in a liquid state | £0.01018 per kilogram |
| Any other taxable commodity | £0.01242 per kilogram] |
(2)The levy payable on a fraction of a quantity of a commodity is that fraction of the levy payable on that quantity of the commodity.
Textual Amendments
F1Table in Sch. 6 para. 42(1) substituted (with effect in relation to supplies treated as taking place on or after 1.4.2008) by Finance Act 2007 (c. 11), s. 13