United Kingdom · Question · Written question
UIN 89858
Energy: Tax Allowances
Introduced
17 November 2022
Last action
24 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
24 November 2022
Summary
To ask the Chancellor of the Exchequer, what the investment allowance rate is for (a) oil and gas exploration companies and (b) renewable energy generators.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
17 November 2022
Written question
To ask the Chancellor of the Exchequer, what the investment allowance rate is for (a) oil and gas exploration companies and (b) renewable energy generators.
Source: Commons
24 November 2022
Answer
The UK government places additional taxes on the extraction of oil and gas, with companies engaged in the production of oil and gas in the UK and on the UK Continental Shelf subject to a combined headline tax rate on their profits of 40%. The Energy Profi...
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/2022-11-17/89858
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1543432
- uk · wq-1543432 · source updated 24 November 2022