Finance Act 2020

Interpretation

7 (1) Section 77 (interpretation) is amended in accordance with this paragraph.

(2) In subsection (1)—

(a) after the definition of “installation” insert—

• ““modify” includes amend, repeal or revoke;”;

(b) for the definition of “the Monitoring and Reporting Regulation” substitute—

• ““the Monitoring and Reporting Regulation” means Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (as amended from time to time);”;

(c) in the definition of “reporting period” omit “(subject to section 79(4))”;

(d) for the definition of “the Verification Regulation” substitute—

• ““the Verification Regulation” means Commission Implementing Regulation (EU) No 2018/2067 of 19 December 2018 on the verification of data and on the accreditation of verifiers pursuant to Directive 2003/87/EC of the European Parliament and of the Council (as amended from time to time).”

(3) For subsection (4) substitute—

“(4) For the purposes of this Part, the Monitoring and Reporting Regulation is to be treated for the purposes of section 3 of the European Union (Withdrawal) Act 2018 as if it is fully in force immediately before IP completion day (even if it is not).”