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United Kingdom · Question · Written question

UIN 73159

Energy: Taxation

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

27 October 2022

Last action

1 November 2022 · Answer

Status

Answered

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Subjects

Energy, Taxation

Source updated

1 November 2022

Energy · Taxation

Summary

To ask the Chancellor of the Exchequer, with reference to the $9.5 billion quarter three profits reported by Shell and reported comments from that company’s CEO that it is ready for further windfall taxation, if he will make an assessment of the potential

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Timeline

  1. 27 October 2022

    Written question

    To ask the Chancellor of the Exchequer, with reference to the $9.5 billion quarter three profits reported by Shell and reported comments from that company’s CEO that it is ready for further windfall taxation, if he will make an assessment of the potential

    Source: Commons

  2. 1 November 2022

    Answer

    The Energy Profits Levy (EPL) was introduced from 26 May in response to sharp increases in oil and gas prices over the past year and to help fund cost of living support for UK households. The EPL is an additional 25 per cent surcharge on UK oil and gas pr...

    Source: Written answer

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