Commentary

V21.151 Credits and repayments

Part V21 Climate change levy

V21.151 Credits and repayments

Recovery

V21.151 Credits and repayments

Tax credits

HMRC can make regulations dealing with the treatment or payment of certain refunds, credits and bad debt relief. They deal with circumstances where a CCL charge has arisen and it becomes clear that, or there is a change such that, all or part of that charge should be credited to the payer. Tax credits may be set against payments when submitting CCL returns. If offset is not possible a repayment claim can be made. Entitlement to a tax credit is conditional on a claim being made in proper form and within the laid down time limit. There are requirements as to evidence and as to the keeping of records.

HMRC may issue regulations to make provision in relation to cases where1:

  1.  

    •     after a taxable supply has been made, there is such a change in circumstances or any person's intentions that, if the changed circumstances or intentions had existed at the time the supply was made, the supply would not have been a taxable supply

  2.  

    •     after a supply of a taxable commodity is made on the basis that it is a taxable supply, it is determined that the supply was not (to any extent) a taxable supply

  3.  

    •     a quantity of carbon price support rate commodity is the subject of a deemed supply under para 24A(1)(b) or 24(B)(1)(b) where:

  4.  
    1.  

      –     the quantity is not used as mentioned in para 24A(1)(b) or 24(B)(1)(b), or

    2.  

      –     the amount determined as payable is too

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