297 Arrangements that reflect receipts (significant minority shareholders)
Finance (No 2) Act 2023 (2023 c 30) | Legislation

297  Arrangements that reflect receipts (significant minority shareholders)

(1)     Subsection (2) applies to generation if—

(a)     a subsidiary member (“A”) of a generating undertaking that is a group (“U”) has a significant minority shareholder that is a company or group,

(b)     the generation is generation by a relevant generating station operated by A or a relevant subsidiary of A (see section 290(6)),

(c)     a significant minority shareholder (“M”) in A that is a company or a group is party to arrangements that result in amounts arising by reference to the generation,

(d)     those amounts would be taken into account in determining the generation receipts of U if A

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