GovWire

Policy paper: Technical note: Electricity Generator Levy – new investment exemption

Hm Treasury

December 18
12:28 2023

Electricity Generator Levy (EGL): New Investment Exemption

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This measure will introduce an exemption from the Electricity Generator Levy for new renewable generation projects which create a new electricity generating station or expand an existing generating station where the substantive decision to proceed is made on or after 22 November 2023.

New electricity generating projects will include new standalone stations, capacity increases and wholescale replacement of generating plant of existing stations.

Draft Legislation and accompanying documents are now online.

Published 22 November 2023
Last updated 18 December 2023 +show all updates
  1. Link added to draft legislation and accompanying documents

  2. First published.

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: