questionText: To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the increase to the Energy Profits Levy announced in the Autumn Statement 2024 on (a) investment, (b) employment and (c) operations in the oil and gas sector.
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