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United Kingdom · Question · Written question

UIN 95822

Renewable Energy: Seas and Oceans

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 November 2022

Last action

1 December 2022 · Answer

Status

Answered

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Subjects

Energy

Source updated

1 December 2022

Energy

Summary

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies on investment in the offshore renewable energy sector.

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Timeline

  1. 24 November 2022

    Written question

    To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies on investment in the offshore renewable energy sector.

    Source: Commons

  2. 1 December 2022

    Answer

    From January 2023, a temporary new 45 per cent tax will be levied on extraordinary returns being realised from non-carbon electricity generators. It will raise around £14.2 billion over the scorecard, helping to fund support for households and businesses ...

    Source: Written answer

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