Jurisdiction(s):
United Kingdom

UK Electricity Generator Levy: Liability of qualifying generating undertakings, group rules, section 290 elections and joint and several liability; interaction with corporation tax

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Practice notes

Forthcoming change :

On 21 April 2026, the government confirmed the EGL rate will rise to 55% and that its duration will run beyond the planned end date of 31 March 2028. The EGL is a temporary 45% levy on exceptional revenues from UK wholesale electricity generation activity. It applies from 1 January 2023 until 31 March 2028 inclusive. For background on the EGL, refer to Electricity Generator Levy—overview for context. From a legislative perspective, as enacted and defined in Part 5 of the Finance (No 2) Act 2023 (F(No 2)A 2023), the levy is charged on the exceptional generation receipts of a qualifying generating undertaking for a qualifying period. As these notions are connected, it can be necessary to switch between them in order to determine whether and how in practice...

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Web page updated on 27/05/2026

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