EGL11000 - The charge to EGL: overview of the charge to EGL
The levy is applied to receipts of a 바카라 사이트榞enerating undertaking바카라 사이트� which will include not just stand-alone companies, but all the members of a group that contains one or more companies that operate a relevant generating station.
The charge is based on the amount of receipts from sales of electricity on a wholesale basis that exceed a 바카라 사이트渂enchmark price바카라 사이트� per Megawatt hour (MWh). Certain costs may be deducted but the EGL is not a tax on profits. EGL is only chargeable on receipts exceed an allowance of 拢10 million in a qualifying period, based on a corporation tax accounting period.
Smaller generators who supply no more than 50,000 MWh per annum are not chargeable, the operation of this 바카라 사이트渓evy threshold바카라 사이트� is explained at EGL12000.