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Paragraph 28 Reimbursement arrangements

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Commissioners may by regulations provide for reimbursement arrangements to be disregarded for the purposes of paragraph 26(2) except where the arrangements—

(a)

contain such provision as may be required by the regulations, and

(b)

are supported by such undertakings to comply with the provisions of the arrangements as may be required by the regulations to be given to the Commissioners.

(2)

In this paragraph “reimbursement arrangements” means arrangements for the purposes of a claim to a repayment of CBAM which—

(a)

are made by a person for the purpose of securing that the person is not unjustly enriched by the repayment of any amount in pursuance of the claim, and

(b)

provide for the reimbursement of a person who has for practical purposes borne the whole or any part of the cost of the original payment of that amount to the Commissioners.

(3)

Regulations under this paragraph may (among other things) make provision requiring reimbursement arrangements to contain provision—

(a)

requiring a reimbursement for which the arrangements provide to be made within a specified period after the repayment to which it relates;

(b)

for the repayment of amounts to the Commissioners where those amounts are not reimbursed in accordance with the arrangements;

(c)

requiring interest paid by the Commissioners on any amount repaid by them to be treated in the same way as that amount for the purposes of any requirement under the arrangements to make reimbursement or to repay the Commissioners;

(d)

requiring records of a specified description relating to the arrangements to be kept and produced to the Commissioners, or to an officer of Revenue and Customs;

(e)

imposing obligations on specified persons for the purposes of provision made under paragraphs (a) to (d).

(4)

Regulations under this paragraph may—

(a)

make provision about the form, manner and timing of undertakings given to the Commissioners in accordance with the regulations;

(b)

provide for those matters to be determined by the Commissioners in accordance with the regulations.