# The Vehicle Emissions Trading Schemes Order 2023, Article 71: Payments: VCTS


(1) Where a VCTS participant has insufficient VCTS allowances to account for its activity during a scheme year in accordance with article 70, it must make a payment to the administrator in accordance with this article.
(2) The payment amount is £86 for each unit of a VCTS participant’s activity during a scheme year, measured in accordance with article 68, which the participant does not account for by surrendering a VCTS allowance to the administrator on or before 31st December of the year following that scheme year.
(3) Where the payment amount referred to in paragraph (2) is not a whole number of pence, the amount is to be rounded to the nearest whole number of pence.
(4) The administrator must give a VCTS participant notice of a requirement to make a payment in accordance with this article (referred to in this article as a “payment notice”).
(5) A payment notice must be in writing and must set out—
(a) the amount of the payment and how the amount is calculated;
(b) the date by which payment must be made, which must not be less than 30 days after the date on which the notice is given;
(c) that payment must be made to the administrator;
(d) how payment must be made; and
(e) information about rights of appeal.
(6) A VCTS participant which receives a payment notice under this article must make the payment in accordance with the notice.
(7) The administrator must pay any payment received under this article into the consolidated fund.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/71 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.