Regulation 47 Form of return amount
A scheme collector must pay the total return amount for the returnable items that it accepts from a person using one or more of the following means, unless the person elects for that amount to be paid to a charity under regulation 48—
cash in sterling;
a payment to a debit or credit card;
a refund voucher.
But if the scheme collector is a scheme retailer (other than a scheme retailer who does not accept cash), the scheme collector must—
offer to pay the total return amount in the form of money or a refund voucher to the person returning the returnable items (the “returner”), and
if the returner accepts the offer, pay the total return amount in the form of money or a refund voucher.
A refund voucher—
may be provided in either a physical or electronic format, but
must be provided in a physical format, if requested by the returner.
In this regulation—
-
“refund voucher” (“taleb ad-daliad”) means a voucher, token or similar item which is capable of being exchanged immediately either with the scheme collector or another person, for a sum of money, or a payment to a debit or credit card, equal to the relevant total return amount—
- (a)
for goods or services, or
- (b)
singly or together with any other refund vouchers or other vouchers or similar items;
- (a)
-
“total return amount” (“swm dychwelyd cyfan”) means the aggregate of the return amount payable for each returnable item presented by the returner and accepted by the scheme collector.