Written Question·Treasury·UIN 644

Energy: Taxation

Tabled: 18 July 2024

Answered: 24 July 2024

Question

Andrew Bowie

Conservative — West Aberdeenshire and Kincardine

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the removal of the investment allowance in the Energy Profits Levy on private investment into energy transition.

Answer

James Murray

The Government’s tax commitments are set out in the manifesto. HM Treasury are working to deliver them and will set out further details in due course.