Regulation 26 Over-payments in respect of levy: adjustments

When any question arising from a notice served under paragraph (2) of regulation 24 or 25 has been resolved (whether by agreement between the Director and the licensed supplier or otherwise)–

(a)

any payment found to be due from the supplier in respect of the levy shall be made by him at the same time as he makes the next payment due from him under paragraph (3) of regulation 11; and

(b)

any amount found to be in excess of the proper amount of a payment made by the supplier in respect of the levy may be deducted by him from the next payment due from him under paragraph (3) of regulation 11,

(together, in each case, with an amount in respect of interest in accordance with regulation 29).