Written Question·Treasury·UIN 901230
Offshore Industry: Taxation
Tabled: 2 September 2026
Answered: 8 September 2026
Named DayQuestion
Bill Esterson
Labour — Sefton Central
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of changes to taxation on oil and gas production in the North Sea.
Answer
James MurrayWhen the Energy Profits Levy comes to an end, either in March 2030 or earlier if the price floor triggers, it will be replaced by the permanent Oil and Gas Revenue Levy which will operate to ensure oil and gas companies continue to pay their fair share in...
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