Energy: Tax Allowances
(asked on 19th October 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the cost of the investment allowance relief under the Energy Profits Levy in each financial year to 2025/2026; and if he will place a copy of that estimate in the Library of the House.
This question was answered on 25th October 2023
Estimates of the cost of tax reliefs used by oil and gas companies under the Ring Fence tax regime are published at https://www.gov.uk/government/collections/tax-relief-statistics.