Commentary

V21.125 Supplies subject to the Carbon Price Support rate

Part V21 Climate change levy

V21.125 Supplies subject to the Carbon Price Support rate

V21.125 Supplies subject to the Carbon Price Support rate

From 1 April 2013, a number of supplies are subject to Climate Change Levy at the Carbon Price Support rates (CPS rates). The rates are designed to reflect the amounts of carbon dioxide produced when the fuels are burned.

A supply is subject to the Carbon Price Support rate if it is a supply of a taxable commodity used by the recipient in the production of electricity including up until 31 March 2015, use in fully exempt or partly exempt CHP stations. From 1 April 2015 supplies to fully exempt CHP stations are

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