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These measures are about reforms to the Energy Profits Levy following announcements made at the July Statement 2024.
Who is likely to be affected Oil and gas companies that operate in the UK鈥�
1 Increase in rate of energy (oil and gas) profits levy (1) In section 1鈥�
This tax information and impact note is about changes to tax relief for assets repurposed for use from oil and gas activity to Carbon Capture Usage and Storage activity.
This tax information and impact note is about amending the Energy Profits Levy to make sure it permanently ends if prices return to historically normal levels.
This tax information and impact note is about the changes to the Energy (Oil and Gas) Profits Levy announced at Autumn Statement 2022.
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