Section 123(3)

The Tribunal may direct that the order, so far as it varies the amount of charges payable, has effect from a date before that on which it is made, but not earlier than the date on which the reference was made or, if later, on which the scheme came into operation. If such a direction is made— any necessary repayments, or further payments, shall be made in respect of charges already paid, and the reference in subsection (2)(a) to the charges payable under the scheme shall be construed as a reference to the charges so payable by virtue of the order. No such direction may be made where subsection (4) below applies.

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Source: legislation.gov.uk · retrieved 2026-09-04