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Gas Levy Act 1981

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3Payment of levy

(1)Gas levy shall be paid to the Secretary of State in such manner and at such times as he may with the consent of the Treasury direct.

(2)The Secretary of State shall consult the Corporation before giving a direction under subsection (1) above.

(3)Gas levy for any year shall carry interest at such rate as the Secretary of State may with the consent of the Treasury direct from the expiry of the appropriate period until payment.

(4)Where the amount paid for any year exceeds the levy payable for that year, the excess shall be repayable to the Corporation and shall carry interest at such rate as the Secretary of State may with the consent of the Treasury direct from the expiry of the appropriate period until repayment.

(5)In subsections (3) and (4) above " the appropriate period ", in respect of any year, means the period of four months after the end of the year or such period longer than four months after the end of the year as the Secretary of State may with the consent of the Treasury direct.

(6)The Corporation's report under section 8(1) of the [1972 c. 60.] Gas Act 1972 shall set out any directions given to them under this section during the year to which the report relates.

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