United Kingdom · Question · Written question
UIN 3891
Offshore Industry: Taxation
Original
Introduced
27 November 2023
Last action
5 December 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Taxation
Source updated
5 December 2023
Summary
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of windfall taxes on the level of investment in offshore energy production.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
27 November 2023
Written question
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of windfall taxes on the level of investment in offshore energy production.
Source: Commons
5 December 2023
Answer
The Energy Profits Levy (EPL) was introduced on 26 May 2022 to respond to exceptionally high prices that meant oil and gas companies were benefiting from unexpectedly high profits. While the EPL is in place, companies can claim around 91p in tax relief fo...
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/2023-11-27/3891
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1673223
- uk · wq-1673223 · source updated 5 December 2023