Finance (No. 2) Act 2023

304Requirement to provide information about paymentsU.K.

(1)This section applies if—

(a)an amount of electricity generator levy is chargeable on a company as if it were an amount of corporation tax, and

(b)a payment is made (whether or not by the company) that is wholly or partly in respect of that sum.

(2)The responsible company must give notice to an officer of Revenue and Customs, on or before the date the payment is made, of the amount of the payment that is in respect of that sum.

(3)The “responsible company” is—

(a)in the case of an amount of electricity generator levy to which a generating undertaking that is a company is liable, that company, or

(b)in the case of an amount of electricity generator levy to which a generating undertaking that is a group is liable, the lead member of that group.

(4)The requirement in subsection (2) is to be treated, for the purposes of Part 7 of Schedule 36 to FA 2008 (information and inspection powers: penalties), as a requirement in an information notice.

(5)This section is subject to any provision to the contrary in regulations under section 59E of TMA 1970 (further provision as to when corporation tax is due and payable).