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The Vehicle Emissions Trading Schemes Order 2023

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Change 1

What to do with it
As published

39 Payments: CCTS

(1) Where a CCTS participant has insufficient CCTS allowances to account for its activity during a scheme year in accordance with article 38, it must make a payment to the administrator. (2) The payment amount is £86 for each unit of a CCTS participant’s activity during a scheme year, measured in accordance with article 36, which the participant does not account for by surrendering a CCTS allowance to the administrator on or before 31st December of the year following that scheme year. (3) Where the payment amount referred to in paragraph (2) is not a whole number of pence, the amount is to be rounded to the nearest whole number of pence. (4) The administrator must give a CCTS participant notice of a requirement to make a payment in accordance with this article (referred to in this article as a “payment notice”). (5) A payment notice must be in writing and must set out— (a) the amount of the payment and how the amount is calculated; (b) the date by which payment must be made, which must not be less than 30 days after the date on which the notice is given; (c) that payment must be made to the administrator; (d) how payment must be made; and (e) information about rights of appeal. (6) A CCTS participant which receives a payment notice under this article must make the payment in accordance with the notice. (7) The administrator must pay any payment received under this article into the consolidated fund.

Your change, as a redline

39 Payments: CCTS

(1) Where a CCTS participant has insufficient CCTS allowances to account for its activity during a scheme year in accordance with article 38, it must make a payment to the administrator. (2) The payment amount is £86 for each unit of a CCTS participant’s activity during a scheme year, measured in accordance with article 36, which the participant does not account for by surrendering a CCTS allowance to the administrator on or before 31st December of the year following that scheme year. (3) Where the payment amount referred to in paragraph (2) is not a whole number of pence, the amount is to be rounded to the nearest whole number of pence. (4) The administrator must give a CCTS participant notice of a requirement to make a payment in accordance with this article (referred to in this article as a “payment notice”). (5) A payment notice must be in writing and must set out— (a) the amount of the payment and how the amount is calculated; (b) the date by which payment must be made, which must not be less than 30 days after the date on which the notice is given; (c) that payment must be made to the administrator; (d) how payment must be made; and (e) information about rights of appeal. (6) A CCTS participant which receives a payment notice under this article must make the payment in accordance with the notice. (7) The administrator must pay any payment received under this article into the consolidated fund.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

How this law is officially changed

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