Examples of Regulatory Year in a sentence
In that case, a change to the licensee’s tax liability allowance for the Regulatory Year concerned (a revised TTE value) would be determined once the threshold had been exceeded.
Materiality threshold and ‘deadband’ 4.18 A materiality threshold is applied to tax trigger events during the Price Control Period and a £m threshold amount for each Regulatory Year is included amongst the fixed values on the Tax Trigger sheet for the licensee in the PCFM.
Except where the Authority otherwise consents, the Licensee must, by not later than three months after the end of each Regulatory Year, give the Authority a reportin Writing about its operation during that year of any Legacy Procurement Contract adopted in accordance with the SEC Adoption Process.A6.
The average is calculated as the average of the number of NMIs on the first day of the Regulatory Year and on the last day of the Regulatory Year.
Furthermore, any change to the tax liability allowance (upward or downward) is limited to the amount that is in excess of the threshold amount for the Regulatory Year concerned.