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Threads / Energy Profits Levy and Security Investment / Timeline
Lifecycle stage Implementation
540 days in stage

Energy Profits Levy and Security Investment

The Energy Profits Levy, administered by HM Revenue & Customs, is a temporary tax on extraordinary profits from oil and gas companies, designed to fund energy security investments and support households with energy costs. The levy remains active with ongoing reforms and sector-specific discussions, particularly regarding impacts on North Sea operators and Scottish energy production.

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Family: Legislative record
13 Jul 2022 | Bill stage HM Treasury linked

Energy (Oil and Gas) Profits Levy Bill

Second Reading (and remaining stages) 19:46:00 Moved by Baroness Penn: That the Bill be now read a second time. Baroness Penn (Con): My Lords, we will take a little more time over this Bill. We are here to debate the …

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11 Jul 2022 | Bill stage HM Treasury linked

Energy (Oil and Gas) Profits Levy Bill

Second Reading 16:45:00 The Chief Secretary to the Treasury (Mr Simon Clarke): I beg to move, That the Bill be now read a Second time. People across the country are facing rising energy costs and an increase in the overall …

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11 Jul 2022 | Bill stage HM Treasury linked

Energy (Oil and Gas) Profits Levy Bill

Considered in Committee (Order, this day) [Mr Nigel Evans in the Chair ] Clause 1 Charge to tax Question proposed, That the clause stand part of the Bill. The Second Deputy Chairman of Ways and Means (Mr Nigel Evans): With …

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