OT21810 | Energy Profits Levy: Requirement to provide information about payments of EPL  

EPLA22\S12

HMRC requires information from companies making payments of EPL so receipts from the tax can be monitored. EPLA22\S12 requires the company making a payment that includes amounts of EPL to specify to HMRC the amount of that payment which is EPL, on or before the date the payment is made. The company making the payment could be the company liable to EPL or a separate company under a group payment arrangement.

The company making payments or requesting a reallocation of amounts already paid is encouraged to use the ‘Quantification Notice’ form.

Companies should specify the following in their quantification notice:

• the amount of the EPL payment being made

• the accounting period to which the payment relates

• confirmation of the Unique Taxpayer Reference (UTR) number under which the payment is being made (in the case of a relevant group the UTR will be for either the Group Payment Arrangement or, where there is no Group Payment Arrangement, the nominated responsible member), and

• the expected date that payment will be made.

If you are a Large Business customer, please send the completed form to the following mailbox:

[email protected]

If you are a Mid-Sized Business customer, please send the completed form to the following mailbox:

[email protected]

EPLA22\S12(5) treats this requirement to provide information about payments of EPL as a requirement in an information notice issued by HMRC. Failure to meet this requirement can therefore lead to a penalty calculated in accordance with FA08\SCH36\PART7, meaning an initial penalty of £300 followed by daily penalties of up to £60.