The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021
Commencement: 19th May 2021
Amends: The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (SI 2021/484)
If a bidder has someone who is acting on behalf of themselves (a bidder representative), this representative no longer has to be established in the United Kingdom.
The calculation of the annual volume of allowances in accordance with regulation 9 (Annual volumes of allowances), can now be a reason for the modification or adjustment of the auction calendar.
Clarifications are made throughout the Schedule to change VAT references to United Kingdom VAT. Updates are also made to the definitions within the Regulations.
There are no changes in duties for organisations.
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