Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023


5. (1) Where there is an arrangement which has the effect of reducing the amount of taxable profits and it is reasonable to consider that—

(a) the arrangement was not made for bona fide commercial reasons, and

(b) the main purpose, or one of the main purposes, of the arrangement is to avoid or reduce the amount of temporary solidarity contribution paid or to be paid under this Act,

then the effect of the arrangement shall not be taken into account for the purposes of calculating taxable profits.

(2) In this section, “arrangement” has the same meaning as it has in section 835A of the Act of 1997.