CCLG4150 - Accounting for the levy: The climate change levy account
Every trader registrable for CCL is required to make and preserve a climate change levy account. This is a summary based on the CCL accounting periods (see paragraph CCLG4200) of the CCL due, detailing any credits of tax and any adjustments. The legal basis requiring CCL accounts is The Climate Change Levy (General) Regulations 2001, Regulation 7 which says:
(7(1)) A registrable person is obliged to keep a record to be known as “the climate change levy account”.