Energy: Taxation

Treasury written question – answered at on 24 July 2024.

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Photo of Andrew Bowie Andrew Bowie Shadow Minister (Veterans), Shadow Minister (Energy Security and Net Zero)

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the removal of the investment allowance in the Energy Profits Levy on private investment into energy transition.

Photo of Andrew Bowie Andrew Bowie Shadow Minister (Veterans), Shadow Minister (Energy Security and Net Zero)

To ask the Chancellor of the Exchequer, whether she has carried out an economic impact assessment of increasing the Energy Profits Levy.

Photo of James Murray James Murray The Exchequer Secretary

The Government’s tax commitments are set out in the manifesto. HM Treasury are working to deliver them and will set out further details in due course.

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