what it is and why it needs to change
- Written by İrem Güçeri, Associate Professor of Economics and Public Policy, University of Oxford
The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45%...