Offshore Industry: Taxation
(asked on 23rd April 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the revenue that will be raised by the Energy Profits Levy by March 2029.
This question was answered on 30th April 2024
Forecasts for government revenues from oil and gas production, including for Energy Profits Levy, are provided by the Office for Budget Responsibility (OBR). Their most recent published forecast, provided for Spring Budget 2024 on 6 March, is available on the OBR website at the following link https://obr.uk/efo/economic-and-fiscal-outlook-march-2024/.
Forecasts for government revenues from oil and gas production, including for Energy Profits Levy, are provided by the Office for Budget Responsibility (OBR). Their most recent published forecast, provided for Spring Budget 2024 on 6 March, is available on the OBR website at the following link https://obr.uk/efo/economic-and-fiscal-outlook-march-2024/.