Written Question·Treasury·UIN 3674
Energy: Taxation
Tabled: 30 August 2024
Answered: 9 September 2024
Question
Andrew Bowie
Conservative — West Aberdeenshire and Kincardine
To ask the Chancellor of the Exchequer, what her planned timetable is for increasing the rate at which the Energy Profits Levy is charged.
Answer
James MurrayChanges to the Energy Profits Levy (EPL), including increasing the levy by 3 per cent to 38 per cent and removing the levy’s 29% investment allowance, will be implemented from 1 November 2024. This was announced by the Chancellor on 29th July and the Gove...
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