Paragraph 10

In paragraph 42 (amount payable by way of levy)—

(a)

in sub-paragraph (1)—

(i)

in paragraph (a) after “supply” (in the second place it occurs) insert “ or a supply for use in scrap metal recycling ”,

(ii)

in paragraph (c) for “were not a reduced-rate supply.” substitute “ were a supply to which paragraph (a) applies; ”, and

(iii)

after paragraph (c) insert—

“(d)
if the supply is a supply for use in scrap metal recycling, 20 per cent of the amount that would be payable if the supply were a supply to which paragraph (a) applies.”, and

(b)

after that sub-paragraph insert—

“(1ZA)
If a taxable supply is both a reduced-rate supply and a supply for use in scrap metal recycling, the amount payable by way of levy on the supply under sub-paragraph (1) is the lower of the two amounts provided for that supply under that sub-paragraph.”