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Income from SEG payments

Answer
Dangerpete
Posted 4 days ago by Dangerpete
Hi, I'm trying to figure out what the rules are about taxation on income from SEG payments granted for exporting excess solar generated energy back to the grid for domestic, residential properties. Most websites I find say that £1000 is tax free and it's all tax free as long as you're not generating more than 120% of what you need. I can't find any official documents on it apart from a vague mention that it "may" be taxable: https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim40520 The government website about SEG payments also mentions nothing. https://www.gov.uk/government/publications/smart-export-guarantee-seg-earn-money-for-exporting-the-renewable-electricity-you-have-generated Can anyone give details about what is taxable? How much is taxable and when the income needs declared? Many thanks Peter
Answer
HMRC Admin 17 Response
Posted about 5 hours ago by HMRC Admin 17 Response

Hi ,
 
Please refer to :

BIM40520 - Specific receipts: domestic microgeneration: Income Tax exemption for domestic microgeneration  .

Thank you .

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