The Vehicle Emissions Trading Schemes Order 2023
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Change 1
70 Accounting for activity in the VCTS
(1) For each scheme year, and no later than 31st December of the year following a scheme year, a VCTS participant must account for each unit of its activity during the scheme year, measured in accordance with article 68, by surrendering a VCTS allowance. (2) The administrator must update the registry to record the surrender of VCTS allowances.
70 Accounting for activity in the VCTS
(1) For each scheme year, and no later than 31st December of the year following a scheme year, a VCTS participant must account for each unit of its activity during the scheme year, measured in accordance with article 68, by surrendering a VCTS allowance. (2) The administrator must update the registry to record the surrender of VCTS allowances.
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