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New electricity generator levy introduced

18/11/2022

The UK government has announced the introduction of a windfall tax on certain electricity generators in the form of the ‘electricity generator levy’, a new 45% tax levied on ‘extraordinary returns’ from low-carbon UK power generation meeting certain conditions...

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Authors

Portrait ofAaron Fairhurst
Aaron Fairhurst
Partner
London
Portrait ofJason Todd
Jason Todd
Senior Associate
London
Portrait ofPhilip Reid
Philip Reid
Partner
London