Results 1–20 of 2000 for windfall tax

Leasehold and Freehold Reform Bill - Second Reading (27 Mar 2024)

Lord Thurlow: ...we have heard from the noble Lords, Lord Campbell-Savours and Lord Palmer, many of them are foreign nationals. Many of them buy through companies registered overseas that probably pay little or no tax. We heard some figures relating to the volumes of money that could be transferred in this direction. For such foreign-based investors, the Bill is the Christmas present of all time. Make no...

Spring Budget 2024 - Motion to Take Note (18 Mar 2024)

Lord Livermore: ...had grown at the OECD average since 2010, it would now be £140 billion bigger than it is today. That is equivalent to £5,000 per household every year and would mean an additional £50 billion in tax revenues to invest in our public services. Why have we fared so much worse? Because each time a crisis has hit, Britain has found itself acutely exposed due to the choices this Government...

National Insurance Contributions (Reduction in Rates) (No.2) Bill (13 Mar 2024)

David Simmonds: ...that they would stick to the spending plans put in place by the outgoing Conservative Government in 1997 for their first three years in office. Thereafter, they spent, in broad terms, 10% more taxpayers’ money every single year than they raised in taxation revenue. When the country faced a significant financial crash in the late 2000s, there was already a huge national debt as a result...

Scottish Parliament: Scotland’s Economy (13 Mar 2024)

Fergus Ewing: Does Mr Johnson agree that it would be deleterious to the economy in Scotland if Labour further increased the windfall tax from 75 per cent to 78 per cent and, perhaps even more damagingly, removed the reliefs that currently exist? In the short term, there might be slightly more revenue but, in the long term, in the 2030s, there would be nothing at all, because that would just starve future...

Income Tax (Charge) (12 Mar 2024)

Tulip Siddiq: ...that he has no idea how he is going to pay for it. Another U-turn, another uncosted announcement, another promise without a plan from this clueless Conservative Government. Turning to the other tax cuts in the Budget, Labour has consistently said that we want to reduce the tax burden on working people. That is why, when the current Prime Minister wanted to increase national insurance two...

Budget Resolutions - Income Tax (Charge) (11 Mar 2024)

Sarah Dyke: ...has become so severe that the Ringmer dental practice will be offering only private treatment. The practice blames a “chronic lack of investment” in NHS dentistry. This is a disgrace. With the tax burden already at its highest since the second world war through unfair Tory stealth taxes, the Liberal Democrats would seek to properly fund our public services in a fair way. We would...

Budget Resolutions - Income Tax (Charge) (11 Mar 2024)

Sarah Dyke: ...has become so severe that the Ringmer dental practice will be offering only private treatment. The practice blames a “chronic lack of investment” in NHS dentistry. This is a disgrace. With the tax burden already at its highest since the second world war through unfair Tory stealth taxes, the Liberal Democrats would seek to properly fund our public services in a fair way. We would...

Income Tax (Charge) ( 7 Mar 2024)

Michael Shanks: ...of State for Energy Security and Net Zero, the hon. Member for West Aberdeenshire and Kincardine (Andrew Bowie) refusing to say whether he would back his own Government’s plan to expand the windfall tax on the oil and gas industry. I am not sure if he is still on resignation watch or whether his chat with the Chancellor has moved him back to a stronger position, but yesterday, the...

Scottish Parliament: United Kingdom Spring Statement ( 7 Mar 2024)

Kenneth Gibson: ...a complete absence of the kind of support those on lower incomes need”? Finally, does he agree with Douglas Ross, who said that he was “deeply disappointed” in the one-year extension of the windfall tax on the oil and gas industry and that it was “a step in the wrong direction”?

Ways and Means - Financial Statement and Budget Report ( 6 Mar 2024)

Jeremy Hunt: ...prices fall to their historical norm for a sustained period of time. But because the increase in energy prices caused by the Ukraine war is expected to last longer, so too will the sector’s windfall profits, so I will extend the sunset on the energy profits levy for an additional year to 2029, raising £1.5 billion. Next, I turn to the taxes paid by those who are resident in the UK but...

Energy Rebates: Highlands and Islands — [Ian Paisley in the Chair] ( 6 Mar 2024)

Kerry McCarthy: ...to actually benefit from that. We absolutely need to tackle that unfairness. I do not know whether anyone wants to intervene on this, but my understanding is still that the SNP is opposed to a windfall tax within our proposal. It is telling that we have this debate today, with the upcoming Budget; I hope that we see firm action from the Chancellor on tackling fuel poverty and recognising...

Windfall Tax (Oil and Gas Companies) ( 6 Mar 2024)

Windfall Tax (Oil and Gas Companies)

Scottish Parliament: Oil and Gas Industry ( 6 Mar 2024)

Kevin Stewart: Would Mr Lumsden care to comment on the extension of the windfall tax on the oil and gas industry, which will damage the north-east of Scotland? How will he respond to his Tory masters in London in order to get shot of it?

Scottish Parliament: Decision Time ( 6 Mar 2024)

...on its competitive advantages in the energy transition, including its world-leading and highly skilled offshore workforces; calls on the UK Government to deliver simple, holistic and predictable windfall taxes on excessive profits to address the cost of living crisis and to increase investment in the transition to net zero, and believes that revenues should not be used to fund new nuclear...

Scotland: Financial Settlement for Scotland ( 6 Mar 2024)

Michael Shanks: ...SNP and the Tories argue about the financial settlement between the two Governments, they do agree on two things: first, that working people should pay the price of this economic mess, by raising tax to sky-high levels; and secondly, at least until today, that oil and gas giants earning record profits should not face a proper windfall tax, although it now seems as if the SNP might be the...

Scotland: Cost of Living ( 6 Mar 2024)

Ian Murray: Regardless of what the Chancellor says today, working people will still be paying a much higher tax burden at the end of this Parliament, and it will reach record levels. Shockingly, the tax burden in Scotland is even higher. Anyone in Scotland earning more than £29,000 a year will pay more income tax after the SNP voted for yet another tax rise on working people. That means we are in the...

Prime Minister: Engagements ( 6 Mar 2024)

Rishi Sunak: ...energy price cap is set to fall by almost £250 in April, which will bring relief to many families, but we must hold companies to account. That is why we introduced the energy profits levy on the windfall profits caused by an unexpected increase in energy prices. We are going further to cut people’s costs by cutting their taxes and putting more money into their family bank accounts.

Written Answers — Treasury: Banks: Taxation ( 4 Mar 2024)

Lord Truscott: To ask His Majesty's Government what consideration they have given to implementing a windfall tax on the excess profits of UK banks.

Scottish Parliament: Budget (Scotland) (No 3) Bill (27 Feb 2024)

...or health centres and a declining NHS that is on the verge of collapse, with ever greater pain on the way. We need change and we need it now—things can be different. We can scrap non-dom tax status and we can cut waiting lists. We can reform our NHS for a better future. We can put a real windfall tax on the billions of pounds of profits of oil companies in order to fund lower bills and...

Written Answers — Treasury: British Gas: Taxation (26 Feb 2024)

Charlotte Nichols: To ask the Chancellor of the Exchequer, if he will impose a windfall tax on British Gas.


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