Written Question·Treasury·UIN 93531
Offshore Industry: Taxation
Tabled: 21 November 2025
Answered: 1 December 2025
Question
Carla Denyer
Green Party — Bristol Central
To ask the Chancellor of the Exchequer, if she will conduct and publish a comparative assessment of the (a) fiscal returns from the Energy Profits Levy and (b) value of tax reliefs and investment and capital allowances granted to oil and gas producers sin
Answer
Dan TomlinsonThe Office for Budget Responsibility’s (OBR) forecast at Autumn Budget 2025 estimates that revenues from the Energy Profits Levy (EPL) will be £8.5 billion between 2025-26 and 2030-31. This is in addition to more than £11 billion in tax revenues already r...
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