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UK announces new Electricity Generator Levy

  • The United Kingdom (UK) has put forward proposals for a new temporary Electricity Generator Levy which will apply from 1 January 2023. This levy is separate to the Energy Profits Levy which applies for the oil and gas sector.

  • The Government has not yet published draft legislation but it has issued a technical note on the proposals, summarized in this Alert.

Source Orbitax

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