Part 5Other taxes

Climate change levy

125 Climate change levy: exemption for renewable sources

1

In Schedule 6 to the Finance Act 2000 (c. 17) (climate change levy), in paragraph 20(7), (exemption under paragraph 19: liability to account)—

a

for the words from “(2)(c)” to “2 years)” substitute “ (2)(g) ”,

b

after paragraph (a) insert “and”, and

c

omit paragraph (c) and the preceding “and”.

2

This section has effect in relation to averaging periods under paragraph 20 of that Schedule which end on or after the day on which this Act is passed.