questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed changes to the Energy Profits Levy on inward investment in the United Kingdom Continental Shelf.
answerText: At Autumn Budget 2024 the Government confirmed that from 1 November 2024, the Energy Profits Levy (EPL) rate would increase by 3 percentage points to 38%, the EPL investment allowance would be abolished and the EPL decarbonisation allowance rate would be ...
heading: Energy: Taxation