Offshore Industry: Taxation — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Energy Profits Levy on investment in North Sea oil and gas projects; and whether her Department has estimated the capital investment generated by reforming

Answer

Dan Tomlinson

The Government has carefully considered the potential impacts of the Energy Profits Levy (EPL), including on investment. The Treasury publishes impacts in summary form for tax measures in tax information and impact notes (TIINs) alongside the Finance Bill...

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