The Climate Change Levy (General) Regulations 2001

Bad debts: supplementary provisions

17.—(1) Where a supplier—

(a) has received the benefit from a tax credit provided for by regulation 10 (bad debts), and

(b) a payment—

(i) for the taxable supply in question is subsequently received by him (or by a person to whom has been assigned a right to receive the whole or any part of the price written off), or

(ii) is attributed to that taxable supply by virtue of regulation 16,

that tax credit shall be withdrawn with effect from when sub-paragraph (b)(i) or (b)(ii) is satisfied, as the case requires.

(2) Where a supplier—

(a) has received the benefit from a tax credit provided for by regulation 11 (tax credits other than bad debts), and

(b) it subsequently transpires that any relevant requirement of this Part is not complied with,

that tax credit shall be withdrawn with effect from when he received that benefit.

(3) Where a tax credit is withdrawn under this regulation—

(a) the requirements of regulation 5 (content of returns), regulation 6 (payment of CCL) and regulation 7 (CCL accounts) apply subject to this regulation; but

(b) this regulation applies subject to regulation 27 (corrections) and regulation 28 (corrections not exceeding £2,000).

(4) Paragraph (3) applies subject to paragraph 67 of the Act (assessment for excessive repayment).