Written Question·Treasury·UIN HL2572
Energy: Taxation
Tabled: 22 July 2026
Answered: 30 July 2026
Question
To ask His Majesty's Government whether they are planning to increase the Energy Profits Levy.
Answer
The Government introduced a temporary windfall tax, the Energy Profits Levy (EPL), on extraordinary profits from oil and gas companies in 2022. The EPL currently levies 38% tax on profits in addition to the 40% rate of tax in the permanent fiscal regimeTh...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN HL2572) →