# Energy (Oil and Gas) Profits Levy Act 2022, Paragraph 6: Introduction

Extent: E+W+S+N.I.

(1) This Part of this Schedule—
(a) allows a company (“the surrendering company”) to surrender a qualifying levy loss it has for a qualifying accounting period to another company (“the claimant company”) that is part of the same group, and
(b) enables the claimant company to claim relief from the levy for that loss.
(2) The relief mentioned in sub-paragraph (1) is referred to in this Schedule as “levy group relief”.

---
Source: https://www.legislation.gov.uk/ukpga/2022/40/schedule/1/paragraph/6 (the official version)
Page: https://openlegislation.uk/energy-oil-and-gas-profits-levy-act-2022/schedule-1/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.