298 Surrender of shortfalls
Finance (No 2) Act 2023 (2023 c 30) | Legislation

298  Surrender of shortfalls

(1)     This section applies where in an overlap period for two related generating undertakings—

(a)     one of those undertakings (“A”) has a shortfall amount for the overlap period, and

(b)     the other undertaking (“B”) has exceptional generation receipts for the overlap period.

(2)     To determine if an undertaking has a shortfall amount or exceptional generation receipts for an overlap period, carry out all of the steps in section 279(5) as if the period were a qualifying period, including steps that would normally be ignored because a result

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