21 Carbon reduction trading scheme: charges for allocations
Finance Act 2008 (2008 c 9) | Legislation

21  Carbon reduction trading scheme: charges for allocations

(1)     The Treasury may impose charges by providing for carbon reduction trading scheme allowances to be allocated in return for payment.

(2)     The charges may only be imposed by regulations.

(3)     The regulations may make any other provision about allocations of allowances which the Treasury consider appropriate, including (in particular)—

(a)     provision as to the imposition of fees, and as to the making and forfeiting of deposits, in connection with participation in the allocations,

(b)     provision as to the persons by whom allocations are to be conducted,

(c)     provision for allocations to be overseen by an independent person appointed by the

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