HC Deb 14 April 2003 vol 403 c772

Resolved,

That—

(1) For sub-paragraphs 6) to (8) of paragraph 20 of Schedule 6 to the Finance Act 2000 there shall be substituted— (6) If the total mentioned in sub-paragraph (3)(b) exceeds that mentioned in sub-paragraph (3)(a), then—

  1. (a) in a case where, at the time when the balancing period ends, an averaging period also ends because of sub-paragraph (2)(f) or (g), the supplier is for the purposes of this Schedule deemed to make at that time a taxable supply of a quantity of electricity equal to the excess;
  2. (b) in any other case, a balancing debit equal to the excess is carried forward to the next balancing period.".

(2)For sub-paragraphs (6) to (8) of paragraph 20B of that Schedule there shall be substituted— (6) If the total mentioned in sub-paragraph (3)(b) exceeds that mentioned in sub-paragraph (3)(a), then—

  1. (a) in a case where, at the time when the balancing period ends, an averaging period also ends because of sub-paragraph (2)(f) or (g), the supplier is for the purposes of this Schedule deemed to make at that time a taxable supply of a quantity of electricity equal to the excess;
  2. (b) in any other case, I balancing debit equal to the excess is carried forward to the next balancing period.".

(3) The amendment made by paragraph (1) of this Resolution shall have effect where the end of the balancing period referred to in paragraph (a) of the sub-paragraph (6) substituted by that provision falls on or after 31st March 2003.

(4) The amendment made by paragraph (2) of this Resolution shall have effect where the end of the balancing period referred to in paragraph (a) of the sub-paragraph (6) substituted by that provision falls on or after 1st April 2003.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.