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United Kingdom · Question · Written question

UIN 12945

Energy: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

6 November 2024

Last action

14 November 2024 · Answer

Status

Answered

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Subjects

Energy, Taxation

Source updated

14 November 2024

Energy · Taxation

Summary

To ask the Secretary of State for Scotland, what assessment he has made of the potential impact of (a) increases to the Energy Profits Levy and (b) the abolition of the investment allowance on future trends of private investment in north east Scotland.

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Timeline

  1. 6 November 2024

    Written question

    To ask the Secretary of State for Scotland, what assessment he has made of the potential impact of (a) increases to the Energy Profits Levy and (b) the abolition of the investment allowance on future trends of private investment in north east Scotland.

    Source: Commons

  2. 14 November 2024

    Answer

    At Autumn Budget 2024, the government confirmed that from 1 November 2024, the Energy Profits Levy (EPL) rate would increase by 3 percentage points to 38%, the EPL investment allowance would be abolished and the EPL decarbonisation allowance rate would be...

    Source: Written answer

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