All quoted companies and unquoted traded companies must prepare a directors’ remuneration report and put it to their shareholders. The report must comprise: (1) a forward-looking directors' remuneration policy, set out in a separate part of the report, detailing the company's principles for determining pay and benefits for existing and new directors, performance measures to be applied and any loss of office or 'exit' payments; and (2) an annual statement by the chair of the remuneration committee, together with an annual report on remuneration, detailing the actual payments made to directors in the last financial year and how the company intends to implement its remuneration policy in the next year. Shareholders now have a right to a binding vote, by ordinary resolution, on the directors' remuneration policy part of the report whenever a new policy, or an amendment to the existing policy, is proposed and, in any event, at least every three years. See CA 2006, s 439A.

The CA 2006 requires a quoted company or an unquoted traded company to prepare a directors’ remuneration report for each financial year. Schedule 8 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, SI 2008/410 stipulates the contents and presentation of the remuneration report and the information subject to audit. The Enterprise and Regulatory Reform Act 2013 (ERRA 2013) introduced a new reporting regime and shareholder voting requirements for quoted companies for accounting periods ending on or after 30 September 2013. At the same time, the Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013, SI 2013/198 revoked and replaced Schedule 8, introducing a new format and a completely rewritten set of disclosure requirements for remuneration reports.

Tax analysis: In CIA insurance Services Ltd v HMRC, the First-tier Tax Tribunal (FTT) held that contributions by the company to a remuneration trust were not allowable deductions for corporation tax purposes and that the loans made by the trust to employees were chargeable to income tax (and NICs) under the disguised remuneration rules in Part 7A of the Income Tax (Earnings and Pensions) Act 2003.

Restructuring & Insolvency analysis: The High Court reviewed its order so that where rule 18.30 of the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 is incapable of producing an effective determination in relation to the approval of remuneration in excess of a fee estimate then section 112 of the Insolvency Act 1986 (IA 1986) will permit the court to resolve the issue. The decision will assist in situations where, for example, a majority creditor cannot appropriately vote, the remaining creditors are completely passive and there is no realistic prospect of any votes being cast. Produced in partnership with Laura Newbery of Addleshaw Goddard LLP.

Section 106 of the Town and Country Planning Act 1990 (TCPA 1990) allows a local planning authority (LPA) to enter into a legally-binding planning obligation with a landowner, or persons who intend to develop that land, in association with the grant of planning permission. Planning obligations are intended to make a development acceptable in planning terms and, subject to the particular drafting of each agreement, usually only take effect once a planning permission has been implemented. See Practice Note: Implementing planning permission. For more information generally about planning obligations, see Practice Notes: Planning obligations—key points and The statutory test for section 106 agreements and interaction with Community Infrastructure Levy (CIL). Planning obligations are most commonly negotiated in respect of a specific development, and must be entered into between a person interested in land in the area of an LPA and the LPA to: • restrict the development or use of land in any specified way • require specified operations or activities to be carried out in, on, under or over the land • require the land

ARCHIVED: This Practice Note has been archived and is not maintained. Title Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC (Renewable Energy Directive (RED)). Entry into force 25 June 2009 (Article 28 of Directive 2009/28/EC, RED) Transposition deadline 05 December 2010 (Article 27 of Directive 2009/28/EC, RED) Amendments Council Directive 2013/18/EU of 13 May 2013 adapting RED, by reason of the accession of the Republic of Croatia. NB. The Directive only inserted the targets for renewables for Croatia in Annex 1, part A.Directive (EU) 2015/1513 of the European Parliament and of the Council of 9 September 2015 amending Directive 98/70/EC relating to the quality of petrol and diesel fuels and amending RED (Text with EEA relevance).An informal consolidated version of RED and these amendments is provided by EUR-Lex—consolidation of RED. This is provided by EUR-Lex purely as a documentation tool and therefore should not be

One of the three types of Green Energy Certificate that generators of electricity from renewable sources may be entitled to claim. REGOs do not have a monetary value in the same way as ROCs and LECs. Rather, their main purpose is as evidence of renewable electricity production. This is particularly useful for renewable generators who are not eligible under the Renewables Obligation. Suppliers are obliged to give their customers details of the mix of fuels used to produce the electricity supplied to them, and are therefore likely to want to purchase electricity from generators with a REGO.

means naturally replenishing non-fossil sources of energy, including but not limited to [regenerative biomasses (wood, municipal waste, biomass and landfill gas, ethanol, biodiesel), hydropower and tidal power, hydrothermal power, aerothermal power and geothermal power, wind, and solar].

ARCHIVED: This tracker has been archived and is not maintained. The Renewable Heat Incentive (RHI) is a government scheme in Great Britain, that provides financial incentives to increase the uptake of renewable heat, in a sector currently heavily dominated by fossil fuels. The idea is that by providing financial incentives, some of the barriers to adoption, such as high up front costs and operational expenditure, will be removed. The RHI scheme has been split into two phases: • phase 1, which was introduced in November 2011 for non-domestic installations in the industrial, business and public sectors • phase 2, which deals with the domestic RHI (preceded by the Renewable Heat Premium Payment) was rolled out in April 2014 and was intended to be open until 2021, however the government announced in its Spring Budget 2020 that the domestic RHI scheme is to be extended until March 2022. This RHI tracker displays the current status and most recent developments in relation to the domestic and non-domestic RHI since January 2015, covering consultations, regulatory guidance

What is the Renewable Heat Incentive (RHI)? The RHI is a government scheme in Great Britain, that provides financial incentives to increase the uptake of renewable heat, in a sector that traditionally has been heavily dominated by fossil fuels. The rationale behind its introduction was that by providing financial incentives, some of the barriers to adoption, eg high up front costs and operational expenditure, would be removed. Prior to its closure (see below), the RHI scheme was split into two phases: • phase 1, which was introduced in November 2011 for non-domestic installations in the industrial, business and public sectors. This closed to new applicants on 31 March 2021. For more information, see Practice Note: Non-Domestic Renewable Heat Incentive (NDRHI)—scheme closure and key continuing features • phase 2, which deals with the domestic RHI (preceded by the Renewable Heat Premium Payment (RHHP)) was rolled out in April 2014 The domestic RHI was introduced in July 2013 and closed to new applicants at midnight on 31 March 2022 and, in England and Wales, has been succeeded by the

Energy analysis: On 26 June 2024, in the case of Application by Dennison Commercials Ltd [2024] NIKB 52, the Northern Ireland High Court has quashed a decision by the Department for the Economy to uphold the revocation of renewable heat incentive (RHI) accreditation for boilers operated by Dennison Commercials, a major truck firm. Richard Harwood OBE KC, Joint Head of 39 Essex Court Chambers, who appeared for Milltown Gravel and Supermix, discusses the key aspects of the case and highlights its wider implications for other accreditation decisions and processes in Northern Ireland and for the rest of the United Kingdom.

Renewable heat incentive (RHI) The RHI, which applied to Great Britain, was a government scheme that provides financial incentives to increase the uptake of renewable heat and biomethane but has closed to new applicants as from 31 March 2022 (see further below). These financial incentives were provided to help remove some of the barriers to adoption, such as high up-front costs and operational expenditure. The RHI scheme was split into two phases: • phase 1, which was introduced in November 2011 for non-domestic installations in the industrial, business and public sectors. The non-domestic RHI closed to new applicants on 31 March 2021 • phase 2, for the domestic RHI (previously covered by the Renewable Heat Premium Payment), which was rolled out in April 2014. The domestic RHI closed to new applicants on 31 March 2022 Although each of the non-domestic and domestic RHI schemes have now closed to new applicants, those accredited prior to closure may still be in receipt of payments under the scheme. The non-domestic RHI was originally put in place pursuant to the