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.