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United Kingdom · Question · Written question

UIN 93499

Energy: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 November 2022

Last action

30 November 2022 · Answer

Status

Answered

Sponsors

Subjects

Energy, Taxation

Source updated

30 November 2022

Energy · Taxation

Summary

To ask the Chancellor of the Exchequer, whether he has made an estimate of the amount that would be raised by the Energy Profits Levy over the next six years if tax relief is not provided to companies which invest in new oil and gas extraction in the UK.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 November 2022

    Written question

    To ask the Chancellor of the Exchequer, whether he has made an estimate of the amount that would be raised by the Energy Profits Levy over the next six years if tax relief is not provided to companies which invest in new oil and gas extraction in the UK.

    Source: Commons

  2. 30 November 2022

    Answer

    We estimate that the EPL will raise about £40 billion over the next 6 years, allowing for tax reliefs.

    Source: Written answer

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