UK increases Energy Profits Levy to 38%
The UK Government’s increase in the Energy Profits Levy from 35% to 38% takes effect today, 1st…
Tag: Energy Profits Levy
North Sea oil and gas sector calls for stable tax system
The UK Government has been urged to create a predictable tax system for the North Sea oil and…
UK Government oil and gas revenues drop by £2.9bn
The revenue from oil and gas production dropped by 32% in 2023-24 compared to the previous…
Energy group warns of economic hit from tax changes
A leading energy trade body warns that a stronger Energy Profits Levy could lead to a £13…
UK oil giant hits pause
NEO Energy is slowing down its investment plans due to uncertainty around government…
UK energy bosses grill government over windfall tax
UK Treasury officials and offshore energy leaders met to discuss concerns over the Energy…
‘Energy levy revamp to balance investment’
Energy experts are advising companies and investors to explore the new opportunities from the…
Government raises Energy Profits Levy
The Chancellor has confirmed that the tax on the extraordinary profits of oil and gas companies…
UK extends energy windfall tax
Chancellor Jeremy Hunt has announced the extension of the Energy Profits Levy on profits from…
‘Carbon tax could have netted £23bn for UK’
The government has been urged to tax major polluters, reallocate £3.35 billion from North Sea…
