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Regulation 58 Penalty residual supplier amount: modifications

Original text. Later amendments are not shown.

Regulation 8 (penalty residual supplier amount) of the Supplier Payment Regulations applies as if—

(a)

at the beginning of paragraph (3), there were inserted “Subject to paragraph (3A),”; and

(b)

after paragraph (3), there were inserted—

“(3A)

If year X is the delivery year beginning on 1st October 2018, the reference in paragraph (3) to “the 28th working day after the end of each delivery year” is to be construed as a reference to “the 28th working day after the end of the delivery year (if a payment trigger event occurs before that date) or otherwise as soon as reasonably practicable after a payment trigger event occurs.”.