# The Vehicle Emissions Trading Schemes Order 2023, Article 34: Allocation of CCTS allowances


(1) Subject to paragraph (2), the administrator must allocate to each CCTS participant for each scheme year a number of CCTS allowances which is equal to N multiplied by B, where—
(a) N is the number of NZE cars of which the participant is the manufacturer and which are registered during that scheme year; and
(b) B is that participant’s baseline.
(2) Where the number of CCTS allowances which results from the application of the formula in paragraph (1) is not a whole number, the number is to be rounded to the nearest whole number.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/34 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.