C1PART 2Plastic packaging tax

Annotations:
Modifications etc. (not altering text)

Miscellaneous

I1I2C170C1Adjustment of contracts

1

Subsection (2) applies where—

a

a person (S) supplies a chargeable plastic packaging component that S has produced, or that was imported on behalf of S, to another person (P) under a contract,

b

a payment falls to be made under the contract for the supply of the component, and

c

after the making of the contract—

i

plastic packaging tax becomes chargeable on the component, or

ii

there is a change in the plastic packaging tax chargeable on the component.

2

Unless the contract otherwise provides, S may adjust the amount of the payment mentioned in subsection (1)(b) so as to reflect the tax chargeable on the component.

3

Subsection (4) applies where a person (S) supplies another person (P) with a chargeable plastic packaging component under a contract.

4

Unless the contract provides otherwise, S may adjust the contract so that if P subsequently converts the component into a different chargeable plastic packaging component, P must provide S with information about the conversion.

5

For the purposes of subsections (1) and (3), it is immaterial—

a

when the contract was made;

b

whether the contract also provides for other matters.