Energy: Taxation

(asked on 30th August 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what her planned timetable is for ending the investment allowance within the Energy Profits Levy.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 9th September 2024

Changes to the Energy Profits Levy (EPL), including increasing the levy by 3 per cent to 38 per cent and removing the levy’s 29% investment allowance, will be implemented from 1 November 2024. This was announced by the Chancellor on 29th July and the Government will legislate for these changes in the Autumn Finance Bill.

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