Introduction Details of the Section
2.Subsection (2) amends paragraph 24B of Schedule 6 so that operators of CHP stations are not deemed to have made a taxable supply of CPS rate commodities used to generate good quality electricity where certain conditions are met. These conditions are that it is either self-supplied or supplied under an exemption from the requirement for an electricity supplier licence under the Electricity Act 1989.
3.Subsection (3) makes consequential amendments to paragraph 24C of Schedule 6 which relates to corrections to the determination of the amount of CPS rate commodities subject to a deemed self-supply.
4.Subsection (4) makes a consequential amendment to paragraph 62 of Schedule 6 which relates to the claiming of tax credits.
5.Subsection (5) provides that these amendments apply in respect of CPS rate commodities brought onto, or arriving at, the site of a CHP on or after 1 April 2015.