Clause 61 - Energy (oil and gas) profits levy: decommissioning relief agreements

Part of Finance (No. 2) Bill – in a Public Bill Committee at 12:15 pm on 29 January 2026.

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Photo of Dan Tomlinson Dan Tomlinson The Exchequer Secretary 12:15, 29 January 2026

As I said in my opening remarks, this Clause just clarifies the treatment as was originally intended and has always been the case. It would not be appropriate or necessary to monitor and look at the impact of it, because as I believe was said—a second mention for the 2017 General Election—“nothing has changed” in relation to the treatment of DRDs and the interaction with the EPL.

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During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

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clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.