Written Question·Treasury·UIN 12943
Energy: Taxation
Tabled: 6 November 2024
Answered: 14 November 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 proposed increases to the Energy Profits Levy on supply chain resilience.
Answer
James MurrayAt Autumn Budget 2024 the government confirmed that from 1 November 2024, the Energy Profits Levy (EPL) rate would increase by 3 percentage points to 38%, the EPL investment allowance would be abolished and the EPL decarbonisation allowance rate would be ...
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