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answer › question first answered	2022-10-28T12:15:53.163Z
answering dept id	14
answer › date of answer	2022-10-28

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1535748

registered interest

date

25/10/2022

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Energy: Taxation

house id

legislature

25259

pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, whether he plans to reform the Energy Profits Levy to increase the tax on excess profits of oil and gas companies.

tabling member constituency

Liverpool, Walton

tabling member printed

Dan Carden

uin

71250

answer

is ministerial correction

date of answer

28/10/2022

answer text

The Energy Profits Levy (EPL) was introduced from 26 May in response to sharp increases in oil and gas prices over the past year and to help fund cost of living support for UK households. The EPL is an additional 25 per cent surcharge on UK oil and gas profits, taking the combined headline tax rate for oil and gas companies operating in the UK and on the UK Continental Shelf to 65 per cent. The Government has calculated that it expects the EPL to raise over £7 billion in 2022-23 based on forecast oil and gas prices. The Government keeps all taxes under review.

answering member constituency

Louth and Horncastle

answering member printed

Victoria Atkins

question first answered

28/10/2022 12:15:53

answering member

4399

label	Biography information for Victoria Atkins

tabling member

4651

label	Biography information for Dan Carden