Offshore Industry: Taxation

Summary

To ask the Chancellor of the Exchequer, if she will conduct and publish a comparative assessment of the (a) fiscal returns from the Energy Profits Levy and (b) value of tax reliefs and investment and capital allowances granted to oil and gas producers sin

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Timeline

1. 21 November 2025

   Written question

   To ask the Chancellor of the Exchequer, if she will conduct and publish a comparative assessment of the (a) fiscal returns from the Energy Profits Levy and (b) value of tax reliefs and investment and capital allowances granted to oil and gas producers sin

   Source: Commons

2. 1 December 2025

   Answer

   The Office for Budget Responsibility’s (OBR) forecast at Autumn Budget 2025 estimates that revenues from the Energy Profits Levy (EPL) will be £8.5 billion between 2025-26 and 2030-31. This is in addition to more than £11 billion in tax revenues already r...

   Source: Written answer

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• · Treasury · Answering body

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