NewsBot
18-Nov-22, 01:36
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Energy Profits Levy Increased
To ensure businesses making extraordinary profits as a result of high energy prices also pay their fair share, from 1 January 2023 the Energy Profits Levy on oil and gas companies will increase from 25% to 35%, with the levy remaining in place until the end of March 2028, and a new, temporary 45% levy will be introduced for electricity generators. Together these measures will raise over £55 billion from this year until 2027-28. [Read Full Article (https://caithness-business.co.uk/article/18405)]
Energy Profits Levy Increased
To ensure businesses making extraordinary profits as a result of high energy prices also pay their fair share, from 1 January 2023 the Energy Profits Levy on oil and gas companies will increase from 25% to 35%, with the levy remaining in place until the end of March 2028, and a new, temporary 45% levy will be introduced for electricity generators. Together these measures will raise over £55 billion from this year until 2027-28. [Read Full Article (https://caithness-business.co.uk/article/18405)]