To ask the Chancellor of the Exchequer, with reference to the Energy Profits Levy, Technical Note, published on 26 May 2022, if he will place in the Library the figures for the size of the tax base for the Energy Profits Levy in (a) 2022-23 and (b) each of the years of the forecast horizon to 2025-26.
Answered on
6 June 2022
The latest data on Corporation Tax (CT) receipts and liabilities for ring fenced oil and gas companies can be found on GOV.UK. The data is available within Table 3C of the “Corporation Tax statistics tables 2021” publication. [1]
A full costing of the Energy Profits Levy will be certified by the independent Office for Budget Responsibility at the Budget.
Answered by
Treasury
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