# The Vehicle Emissions Trading Schemes Order 2023, Article 70: Accounting for activity in the VCTS


(1) For each scheme year, and no later than 31st December of the year following a scheme year, a VCTS participant must account for each unit of its activity during the scheme year, measured in accordance with article 68, by surrendering a VCTS allowance.
(2) The administrator must update the registry to record the surrender of VCTS allowances.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/70 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.