PARLIAMENTARY WRITTEN QUESTION
North Sea Oil: Taxation (26 July 2024)

To ask the Chancellor of the Exchequer, what assessment her Department (a) has made and (b) plans to make of the potential impact of (i) increasing and (ii) extending the windfall tax on oil producers on businesses in the North East of Scotland; and what steps she plans to take to assist businesses affected by that tax.

Asked by:
Stephen Flynn (Scottish National Party)

The government is committed to maintaining a constructive dialogue with the oil and gas sector on the implementation of the changes to the Energy Profits Levy. We will continue to engage with the sector ahead of publishing further details of final policy and impacts at Budget.

Answered by:
James Murray (Labour)
5 August 2024