Written Question·Treasury·UIN 42016
Taxation: Fossil Fuels
Tabled: 27 March 2025
Answered: 4 April 2025
Question
Bell Ribeiro-Addy
Labour — Clapham and Brixton Hill
To ask the Chancellor of the Exchequer, What assessment her Department has made of the potential impact of revoking the windfall tax on oil and gas companies on trends in the level of future renewable investment.
Answer
James MurrayIn its manifesto the Government committed to make changes to the Energy Profits Levy (EPL) to raise revenue towards clean energy goals, including raising the rate of the levy from 35% to 38% and extending the duration of the levy until 31 March 2030. Foll...
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