United Kingdom · Question · Written question
UIN 93498
Energy: Taxation
Introduced
22 November 2022
Last action
30 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy, Taxation
Source updated
30 November 2022
Summary
To ask the Chancellor of the Exchequer, what assessment he has made of the likelihood of North Sea Oil and Gas companies front-loading investment in new oil and gas extraction over the next three years in order to benefit from additional tax relief under
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Timeline
22 November 2022
Written question
To ask the Chancellor of the Exchequer, what assessment he has made of the likelihood of North Sea Oil and Gas companies front-loading investment in new oil and gas extraction over the next three years in order to benefit from additional tax relief under
Source: Commons
30 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%, effec...
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/2022-11-22/93498
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1544616
- uk · wq-1544616 · source updated 30 November 2022