Written Question·Treasury·UIN 2533
Energy: Taxation
Tabled: 30 July 2024
Answered: 4 September 2024
Named DayQuestion
Claire Coutinho
Conservative — East Surrey
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of ending the investment allowance within the Energy Profits Levy on investment in the (a) economy and (b) energy transition.
Answer
James MurrayIn July, the Government announced its intention to remove the Energy Profits Levy’s (EPL) 29% main investment allowance. Further details of final policy and impacts will be announced at Budget. A key outcome of the government’s clean energy mission will b...
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