United Kingdom · Question · Written question
UIN 11840
Fossil Fuels: Tax Allowances
Original
Introduced
1 June 2022
Last action
13 June 2022 · Answer
Status
Answered
Sponsors
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Subjects
Discovery layer
Source updated
13 June 2022
Summary
To ask the Chancellor of the Exchequer, with reference to the Government's temporary Energy Profits Levy, what assessment was carried out of the potential impact of the investment allowance incentivising new oil and gas extraction on the Government's net-
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Timeline
1 June 2022
Written question
To ask the Chancellor of the Exchequer, with reference to the Government's temporary Energy Profits Levy, what assessment was carried out of the potential impact of the investment allowance incentivising new oil and gas extraction on the Government's net-
Source: Commons
13 June 2022
Answer
The new Energy Profits Levy will raise around £5 billion over the next year. This figure factors in the investment allowance. The Government expects the combination of the Levy and the investment allowance to lead to an overall increase in investment. The...
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/2022-06-01/11840
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1467293
- uk · wq-1467293 · source updated 13 June 2022