SCHEDULES

SCHEDULE 42Climate change levy: supplies subject to carbon price support rates etc

PART 2New provision having effect from 1 April 2013

New provision

6

1

Paragraph 14 (exemption for supplies to electricity producers) is amended as follows.

2

In sub-paragraphs (2)(b) and (3)(b) after “electricity” insert “ in a small generating station ”.

3

After sub-paragraph (3) insert—

3ZA

Sub-paragraph (1) does not exempt a supply where the person to whom the supply is made—

a

uses the commodity supplied in producing electricity in a stand-by generator, and

b

uses the electricity produced otherwise than in exemption-retaining ways.

4

After sub-paragraph (3A) insert—

3B

Paragraph 24A makes provision under which carbon price support rate commodities intended to be used in a generating station may be the subject of a deemed taxable supply (and, accordingly, this paragraph needs to be read subject to that paragraph).

5

Omit sub-paragraphs (4) and (5).