Electricity Generator Levy

Copyright © 2025 LexisNexis

The Electricity Generator Levy (EGL) is a temporary 45% charge on exceptional receipts from wholesale electricity generation

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Tax News

Tax weekly highlights—14 August 2025

This week's edition of Tax weekly highlights includes: (1) analysis of the Upper Tribunal’s decision in Elphysic Ltd v HMRC regarding deregistration from VAT under the Ablessio principle; (2) analysis of the First-tier Tax Tribunal’s decision in Clear Pay Payroll Ltd v HMRC to grant an application to postpone payment of disputed VAT pending the outcome of an appeal on the ground of taxpayer hardship; (3) news of the new interest rates that HMRC, Revenue Scotland and the Welsh Revenue Authority will charge on underpaid tax and pay on overpaid tax following the reduction in the Bank of England base rate; (4) news of the first corporate prosecution of the offence of failure to prevent the facilitation of UK tax evasion, which has been brought against an accounting firm; and (5) analysis of the draft Finance Bill 2026 measure for tackling non-compliance in the umbrella company market from John Chaplin, Partner at BDO.

FTT allows postponement of disputed VAT pending appeal due to taxpayer hardship (Clear Pay Payroll Ltd v HMRC)

Tax analysis: In Clear Pay Payroll Ltd v HMRC, the First-tier Tax Tribunal (FTT) allowed the taxpayer’s hardship application because it was satisfied that the general requirement for a taxpayer to pay a disputed VAT assessment before an appeal against the assessment is heard would in this case cause the taxpayer hardship.

UT overturns FTT to find that HMRC could deregister ‘mini-umbrella companies’ from VAT (Elphysic Ltd and others v HMRC)

Tax analysis: In Elphysic Ltd and others v HMRC, the Upper Tribunal (UT) overturned the decision of the First-tier Tax Tribunal (FTT) that HMRC was not entitled to deregister the taxpayers from VAT and dismissed the taxpayers’ cross-appeals against the FTT’s decision that they were not entitled to the VAT flat rate scheme and National Insurance Contributions (NIC) employment allowances.

Tax weekly highlights—7 August 2025

This week's edition of Tax weekly highlights includes: (1) News Analysis of the Supreme Court’s decision in Delta Merseyside on private hire operators acting as agents, (2) News Analysis of the UT’s decision in Medpro Healthcare, and (3) HMRC publishing a new manual on MTT and DTT.

View Tax by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of