Finance (No. 2) Act 2008
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Amendment of Chapter 1 (electricity tax) of Part 2 of Finance Act 2008. |
49.— Chapter 1 of Part 2 of the Finance Act 2008 is amended— | |
(a) in section 60 by inserting the following after subsection (4): | ||
“(5) (a) Where, at the time when the return under subsection (1) is made, a supplier does not have all the information required to determine the tax liability for supplies made during the last 2 months of an accounting period, the return may be completed on the basis of an estimate of that liability. | ||
(b) Where paragraph (a) applies, the supplier shall, as soon as the required information is available and at the latest within 3 months of the end of the accounting period, submit a final return for that accounting period, and pay any amount of tax outstanding. | ||
(c) No interest shall be charged on any amount of tax paid in accordance with paragraph (b), where that amount does not exceed 5 per cent of the total tax liability for the calendar year.”, | ||
(b) in paragraph (c) of subsection (4) of section 63 by substituting the following for subparagraph (ii): | ||
“(ii) For the purposes of subparagraph (i) the data on the fuel mix shall be that in respect of the most recent year for which, at the end of the accounting period concerned in the return, the Commission for Energy Regulation has published such data.”, | ||
and | ||
(c) in section 64 by substituting the following for subsection (3): | ||
“(3) (a) Repayments in respect of relief under paragraphs (b) and (c) of subsection (1) of section 63 shall be made to the supplier of the electricity concerned. | ||
(b) Repayments in respect of relief under paragraph (d) of subsection (1) of section 63 shall be made to the consumer of the electricity concerned.”. |