290 Election for members with significant minority shareholding to pay levy
Finance (No 2) Act 2023 (2023 c 30) | Legislation

290  Election for members with significant minority shareholding to pay levy

(1)     This section applies where—

(a)     a generating undertaking that is a group is liable to an amount of electricity generator levy for a qualifying period,

(b)     a subsidiary member of that group (“the relevant member”) has, at any time in that period, at least one significant minority shareholder,

(c)     some, or all, of that amount is attributable, on a fair and reasonable basis, to the activities of the relevant member and, if it has one or more relevant subsidiaries, those relevant subsidiaries.

(2)     Where this section applies, the

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