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United Kingdom · Question · Written question

HL HL1463

Energy: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

4 July 2022

Last action

14 July 2022 · Answer

Status

Answered

Sponsors

Subjects

Energy, Taxation

Source updated

14 July 2022

Energy · Taxation

Summary

To ask Her Majesty's Government what plans they have to build a review mechanism into the energy profits levy.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 July 2022

    Written question

    To ask Her Majesty's Government what plans they have to build a review mechanism into the energy profits levy.

    Source: Lords

  2. 14 July 2022

    Answer

    The Energy Profits Levy will raise around £5 billion over the next year which will help fund more cost of living support for households. The Levy will be temporary, and will be phased out if oil and gas prices return to historically more normal levels. A ...

    Source: Written answer

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