There are specific provisions for the electricity generator levy (EGL) that govern groups, partnerships and joint ventures. These are set out below. For an overview of the EGL, see D7.950.
Groups and the EGL
For the purposes of the EGL, a group is a 75% group. This means that the following form a group1:
- Ìý
•ÌýÌýÌýÌý a company that is not a 75% subsidiary of any other company and
- Ìý
•ÌýÌýÌýÌý every company that is a 75% subsidiary of:
- Ìý
–ÌýÌýÌýÌý that company
- Ìý
–ÌýÌýÌýÌý a 75% subsidiary of that company or
- Ìý
–ÌýÌýÌýÌý a 75% subsidiary of a 75% subsidiary of that company
- Ìý
and so on
The company in a group that is not a 75% subsidiary of any other company is the principal member of the group and every other member of the group is a subsidiary member2.
A company (B) is a 75% subsidiary of another company (A) if3:
- Ìý
•ÌýÌýÌýÌý A is beneficially entitled to 75% or more
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Web page updated on 17 Mar 2025 16:50