Energy (Oil and Gas) Profits Levy Act 2022


make provision for, and in connection with, imposing a charge on ring fence profits of companies.

Government Bill

(HM Treasury)
What is this Bill?

The Energy (Oil and Gas) Profits Levy Act 2022 was a Government Bill that became an Act of Parliament.

Is this Bill currently before Parliament?

No. This Bill was introduced on 5 July 2022 and became an Act of Parliament on 14 July 2022.

Whose idea is this Bill?

Government Bills implement the legislative agenda of the Government. This agenda, and the Bills that will implement it, are outlined in the Queen's Speech at the Session's State Opening of Parliament.

How can I find out exactly what this Bill does?

The most straightforward information is contained in the initial Explanatory Notes for the Bill.

Would you like to know more?

See these Glossary articles for more information: Act of Parliament, Government Bills, Process of a Bill

Bill Progession through Parliament

Commons Completed
Lords Completed
Royal Assent

Latest Key documents

Bill Debate
14/07/2022
Briefing paper
07/07/2022
Explanatory Note
05/07/2022

Timeline of Bill Documents and Stages

5th September 2022
Will write letters
Letter from Baroness Penn to Lord Sikka regarding the Energy Profits Levy's investment allowance, applying windfall taxes on certain other sectors.
14th July 2022
Royal Assent: Minutes of Proceedings (Lords)
14th July 2022
Royal Assent (Commons)
14th July 2022
Act of Parliament
Energy (Oil and Gas) Profits Levy Act 2022 (c. 40)
13th July 2022
3rd reading: Minutes of Proceedings (Lords)
13th July 2022
3rd reading (Lords)
13th July 2022
Committee negatived (Lords)
13th July 2022
2nd reading: Minutes of Proceedings (Lords)
13th July 2022
2nd reading (Lords)
12th July 2022
1st reading: Minutes of Proceedings (Lords)
12th July 2022
1st reading (Lords)
11th July 2022
3rd reading (Commons)
11th July 2022
Committee stage: Committee of the whole House (Commons)
11th July 2022
2nd reading (Commons)
11th July 2022
Amendment Paper
Committee of the whole House Amendments as at 11 July 2022
11th July 2022
Bill proceedings: Commons
Committee of the whole House Proceedings as at 11 July 2022
11th July 2022
Selection of amendments: Commons
Chairman of Ways and Means’s provisional grouping and selection of Amendments - 11 July 2022
8th July 2022
Amendment Paper
Notices of Amendments as at 8 July 2022
7th July 2022
Briefing papers
Energy (Oil and Gas) Profits Levy Bill
7th July 2022
Amendment Paper
Notices of Amendments as at 7 July 2022
6th July 2022
Briefing papers
Briefing Paper on the Bill
5th July 2022
1st reading (Commons)
5th July 2022
Ways and Means resolution
5th July 2022
Bill
Bill 135 2022-23 (as introduced)
5th July 2022
Explanatory Notes
Bill 135 EN 2022-23