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United Kingdom · Question · Written question

UIN 92053

Energy: Taxation

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 November 2022

Last action

24 November 2022 · Answer

Status

Answered

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Subjects

Energy, Taxation

Source updated

24 November 2022

Energy · Taxation

Summary

To ask the Chancellor of the Exchequer, whether his Department produced a forecast of any changes in tax revenue resulting from the Investment Allowances on the Energy Profit Levy before 17 November 2022.

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Timeline

  1. 21 November 2022

    Written question

    To ask the Chancellor of the Exchequer, whether his Department produced a forecast of any changes in tax revenue resulting from the Investment Allowances on the Energy Profit Levy before 17 November 2022.

    Source: Commons

  2. 24 November 2022

    Answer

    The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35 per cen...

    Source: Written answer

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