SCHEDULES
SCHEDULE 12Carbon emissions tax
7Interpretation
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).