The Fossil Fuel Levy Regulations 1990

Persons ceasing to be licensed suppliers

40.—(1) Any person who ceases to be a licensed supplier shall, as regards any qualifying month or part of a qualifying month during which he was a licensed supplier, continue to be treated as if he were a licensed supplier for so long as there is in relation to him–

(a) any liability arising under these Regulations and not fully discharged; or

(b) any right so arising and not fully satisfied.

(2) Where any person who ceases to be a licensed supplier is not liable, by reason of such cessation, to make any further payments under regulation 11, any requirement in these Regulations to make a payment with any further payment under regulation 11 (however such further payment may be described) shall be construed as a requirement to make the payment forthwith, and regulation 29 shall apply as appropriate.

(3) Where any person who ceases to be a licensed supplier is unable, by reason of such cessation, to exercise any right of deduction from payments due under regulation 11 in pursuance of–

(a) paragraph (5)(b) of regulation 14;

(b) paragraph (5) of regulation 15;

(c) paragraph (4) of regulation 24;

(d) paragraph (4) of regulation 25;

(e) paragraph (b) of regulation 26; or

(f) regulation 27;

as read (in each case) with regulation 29, the Director shall make to that person a payment of an amount equal to the amount which could not be so deducted.