Regulation 14 I1

United Kingdom

(1)

Subject to paragraph (4), the supplier shall claim any such tax credit by bringing it into account when he is accounting for CCL due from him for any accounting period.

(2)

Accordingly—

(a)

the requirements of regulation 5 (content of returns), regulation 6 (payment of CCL) and regulation 7 (CCL accounts) apply subject to paragraph (1); but

(b)

paragraph (1) applies subject to regulation 27 (corrections) and regulation 28 (corrections not exceeding F1£50,000).

(3)

A claim subject to paragraphs (1) and (2) shall be regarded as a claim for repayment of CCL for the purposes of paragraph 64 of the Act (supplemental provisions about repayments, etc.) (and see paragraph (5)).

(4)

Where the total tax credit claimed by a supplier exceeds the total of the CCL due from him for the accounting period in question, the Commissioners shall repay to him an amount equal to the excess (but see regulations 29 and 30).

(5)

Given the provision made by paragraph 62(4) of the Act, this regulation has effect subject to paragraph 64 of the Act (application of supplemental provisions about repayments: F24 year time limit, unjust enrichment, etc.).

Annotations

Textual amendments

F1: Sum in reg. 14(2)(b) substituted (1.7.2008) by The Value Added Tax, etc (Correction of Errors, etc) Regulations 2008 (S.I. 2008/1482), regs. 1, 6(1) (with reg. 6(4))
F2: Words in reg. 14(5) substituted (1.4.2010) by The Climate Change Levy (General) (Amendment) Regulations 2010 (S.I. 2010/643), regs. 1, 3 (with reg. 5)

Commencement

I1: Reg. 14 in force at 1.4.2001, see reg. 1