UK HMRC has published draft legislation for the introduction of a new tax on exceptional electricity generation receipts of qualifying generating undertakings from 1 January 2023 to 31 March 2028, the Electricity Generator Levy. The policy paper published with the legislation describes the levy as follows: --- Electricity Generator Levy on exceptional electricity generation receipts Who is likely to be affected Companies and groups of companies that undertake electricity generation in the UK and are connected to either the National Grid or local distribution networks and equivalent networks in Northern Ireland. General description of the measure The Electrical Generator Levy...