299 Amount that may be surrendered and use of that amount
Finance (No 2) Act 2023 (2023 c 30) | Legislation

299  Amount that may be surrendered and use of that amount

(1)     Subject to subsection (7), the maximum amount of a shortfall amount that may be surrendered by a generating undertaking (“A”) to another (“B”) where A is a relevant shareholder in B, is the lesser of the amounts given by subsections (2) and (3).

(2)     The amount given by this subsection is the amount of the shortfall amount of A that is, on a fair and reasonable basis, referable to A's interest in the generation attributed to B in the overlap period.

(3)     The amount given by this subsection is the amount of the exceptional generation receipts of B for the

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