New legislation increases electricity generator levy and adjusts vehicle excise duty rates

The Taxation (Energy and Vehicles) Act 2026 raises the rate of the electricity generator levy and modifies mileage allowances used for income tax calculations. The act also introduces temporary adjusted rates of vehicle excise duty specifically for goods vehicles. These changes affect energy producers, taxpayers claiming mileage expenses, and operators of commercial vehicles.

Source: legislation.gov.uk – Read the original