United Kingdom · Question · Written question
UIN 179878
Electricity Generation: Taxation
Introduced
14 April 2023
Last action
19 April 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Taxation
Source updated
19 April 2023
Summary
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of introducing an investment allowance for the renewable energy sector within the Electricity Generator Levy.
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Timeline
14 April 2023
Written question
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of introducing an investment allowance for the renewable energy sector within the Electricity Generator Levy.
Source: Commons
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. At Spring Statement it was forecast to raise around £14 billion over the next 5 years which will he...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-04-14/179878
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1609745
- uk · wq-1609745 · source updated 19 April 2023