The Aggregates Levy (Northern Ireland Tax Credit) Regulations 2002

PART I PRELIMINARY

Citation and commencement

1.  These Regulations may be cited as the Aggregates Levy (Northern Ireland Tax Credit) Regulations 2002 and come into force on 15th August 2002.

General interpretation

2.  In these Regulations—

• “the Act” refers to sections 16 to 49 of, and Schedules 4 to 10 to, the Finance Act 2001;

• “aggregate” has the meaning given in section 17(1) of the Act;

• “AL” refers to aggregates levy;

• “the AL General Regulations” means The Aggregates Levy (General) Regulations 2002(1);

• “asphalt” means a natural or artificial mixture in which bitumen or tar is associated with a substantial proportion of aggregate and includes aggregate which is pre-coated with bitumen or tar and surface dressings where bitumen or tar is applied to a surface immediately before the aggregate is applied;

• “commercial exploitation” and “commercially exploited” are to be construed in accordance with section 19 of the Act;

• “registrable person” refers to a person who is registered or required to be registered under section 24 of, and Schedule 4 to, the Act other than a person who is exempt from the requirement of registration under regulations made under section 24(4) of the Act;

• “regulation” refers to the appropriate regulation of these Regulations;

• “taxable aggregate” is to be construed in accordance with section 17 of the Act.

(1)

S.I. 2002/761.