Article 31
United Kingdom
The total amount in respect of which refund certificates may be issued for each budget period shall be determined in accordance with paragraph 2.
From the figure representing the maximum amount of refunds, as determined in accordance with Article 9(2) of the Agreement, the following elements shall be deducted:
the amount exceeding the maximum amount and unduly granted during the previous budget year;
the amount reserved to cover the exports referred to in Chapter IV of this Regulation;
the amounts in respect of which refund certificates valid during the budget period concerned have been issued.
The amount in respect of which certificates issued, as referred to in Article 41, have been returned shall be added to the figure obtained in accordance with paragraph 2.
Any amount reserved to cover the exports referred to in Chapter IV which remains unused shall be added to the figure obtained in accordance with paragraph 2.
Where there is uncertainty regarding any of the amounts referred to in paragraph 2, that shall be taken into account when determining the final amount.