Oil and gas profits windfall tax extended until 2029

[Pelican Press 0]

Oil and gas profits windfall tax extended until 2029

Delivering his budget, Mr Hunt said: “Because the increase in energy prices caused by the Ukraine war is expected to last longer, so too will the sector’s windfall profits – so I will extend the sunset on the Energy Profits Levy for an additional year to 2029, raising £1.5bn.”

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