# Finance Act 2012, 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.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/30/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-30/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.