- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
11. In Schedule 1—
(a)in the heading after “EXEMPT” insert “, RECYCLING LOWER-RATE”;
(b)in paragraph 2—
(i)in the CCL relief formula, after “0.65R” insert “+ 0.8L”;
(ii)in the definition of “M” omit sub-paragraph (fa);
(iii)after the definition of “0.65R” insert—
“0.8L = 80% of the quantity of the taxable commodity referable to the sum of every recycling lower-rate part.”;
(c)in paragraph 3(1)—
(i)after “regulation 35(2)” insert “(recycling lower-rate and reduced-rate)”;
(ii)for “(reduced rates)” substitute “(reduced-rate for certain supplies to a facility covered by a climate change agreement)”;
(d)in paragraph 5—
(i)in sub-paragraph (7)—
(aa)for “45A” substitute “43B”;
(bb)for “Reduced-rate supplies” substitute “Supplies for use in scrap metal re-cycling and reduced-rate supplies”;
(ii)in sub-paragraphs (8) and (9C) for “45A(2)” substitute “43B(2)”;
(iii)in sub-paragraph (9) for “45A(2)(a)” substitute “43B(2)(a)”;
(e)in paragraph 6(1)—
(i)in sub-paragraph (c) before “a reduced-rate supply” (in both places) insert “a recycling lower-rate supply or”;
(ii)after sub-paragraph (c) insert—
“(ca)after a taxable supply has been made on the basis that it was (to any extent) a recycling lower-rate supply, it is determined that the supply was such a supply to a greater extent than previously determined;”;
(f)in paragraph 9(5) for “three” substitute “4”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: