Administering the reimbursement scheme: the scheme conditions
Paragraph 3(1), Schedule 5 Finance Act 1997 gives us the power to make regulations setting out how the reimbursements should be arranged. These provisions allow us to place the following requirements on a revenue trader using the scheme
- to make payment within a set period
- to repay to us any amounts not reimbursed to consumers under the scheme, and
- to maintain records showing how and in what form the repayment was made to consumers.