Section 308 | Anti-avoidance

(1)This section applies to arrangements if the main purpose, or one of the main purposes of the arrangements, is to—

(a)reduce or avoid a charge to the electricity generator levy, or

(b)otherwise avoid the effect of any of the provisions of this Part.

(2)Any such reduction or avoidance that would (in the absence of this section) arise from such arrangements is to be counteracted by the making of such adjustments as are just and reasonable.

(3)Where the arrangements result in a change in the composition of a generating undertaking that is a group (including where such a group ceases to exist), those adjustments may include adjustments to secure that the same liability to electricity generator levy arises, and can be recovered from members of the group, as if the composition of the group had not changed.

(4)Any adjustments required to be made under this section (whether or not by an officer of Revenue and Customs) may be made by way of—

(a)an assessment,

(b)the modification of an assessment,

(c)amendment or disallowance of a claim,

or otherwise.

(5)In this section “arrangements” include any agreement, understanding, scheme transaction or series of transactions (whether or not legally enforceable).