UK HMRC has published a policy paper confirming the implementation of an increase in the Electricity Generator Levy (EGL). As previously reported, the EGL is being extended beyond its scheduled conclusion in 2028, and the EGL rate is being increased from 45% to 55% from 1 July 2026.
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Electricity Generator Levy: rate increase from 1 July 2026
The government has announced an increase in the rate of the Electricity Generator Levy (EGL) on 21 April 2026. The written Ministerial statement…