Energy (Oil and Gas) Profits Levy Act 2022 section 9

Claims for levy group relief

Section 9 sets out the conditions that must be met for a claimant company to make a valid claim for levy group relief in respect of another group company's surrenderable amounts.

• A claim for levy group relief requires the formal consent of the surrendering company
• The claimant's accounting period and the surrendering company's surrender period must overlap
• Both companies must be part of the same group at some point during the overlapping period
• More than one company may claim against the same surrenderable amounts, but total relief given is subject to the limits set out elsewhere in the Schedule