United Kingdom · Question · Written question
HL HL1463
Energy: Taxation
Introduced
4 July 2022
Last action
14 July 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy, Taxation
Source updated
14 July 2022
Summary
To ask Her Majesty's Government what plans they have to build a review mechanism into the energy profits levy.
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Timeline
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
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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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-07-04/HL1463
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1485928
- uk · wq-1485928 · source updated 14 July 2022