Chancellor’s Electricity Levy: The devil’s in the detail
Delivering his statement in the House of Commons, the Chancellor confirmed a 45 per cent levy on the ‘extraordinary profits’ of electricity generators. But what defines an ‘extraordinary return’ and which electricity generators will be impacted? Crucially, what about reinvestment allowances? Below, Brevia unpacks some of the key takeaways from the new Electricity Generator Levy.
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