# The Vehicle Emissions Trading Schemes Order 2023, Article 38: Accounting for activity in the CCTS


(1) For each scheme year, and no later than 31st December of the year following a scheme year, a CCTS participant must account for each unit of its activity during the scheme year, measured in accordance with article 36, by surrendering a CCTS allowance.
(2) The administrator must update the registry to record the surrender of CCTS allowances.

---
Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/38 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.