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United Kingdom · Question · Written question

UIN 179877

Electricity Generation: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 April 2023

Last action

19 April 2023 · Answer

Status

Answered

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Subjects

Taxation

Source updated

19 April 2023

Taxation

Summary

To ask the Chancellor of the Exchequer, whether he has made an assessment of the impact of the Electricity Generator Levy on energy security and net zero objectives.

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Timeline

  1. 14 April 2023

    Written question

    To ask the Chancellor of the Exchequer, whether he has made an assessment of the impact of the Electricity Generator Levy on energy security and net zero objectives.

    Source: Commons

  2. 19 April 2023

    Answer

    As announced at Autumn Statement from January 2023 a 45% tax is being levied on the extraordinary returns being realised by certain electricity generators. This is forecast to raise around £14 billion over the next 5 years to help fund support for househo...

    Source: Written answer

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