PART 3Carbon emissions tax
Charge to tax
70Charge to carbon emissions tax
1
Carbon emissions tax is charged, in relation to a regulated installation, if the amount of reported carbon emissions for a reporting period exceeds the emissions allowance for the period.
2
The amount of “taxable carbon emissions” in relation to the installation for the reporting period is the amount of the excess.
3
Carbon emissions tax is charged on taxable carbon emissions at the rate of £16 per tonne of carbon dioxide equivalent.