questionText: To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing a windfall tax for energy companies to help support consumers with the cost of energy bills.
answerText: The Energy Profits Levy (EPL) was introduced in May 2022 to tax the extraordinary profits of oil and gas companies operating in the UK and on the UK Continental Shelf. The levy is currently set at a rate of 35%, bringing the overall headline tax rate on u...
heading: Energy: Taxation