Offshore Industry: Taxation
Commons · Question 93531 · Tabled 21 Nov 2025 · Treasury · Official record
Answered 1 Dec 2025
Question
Asked by Carla Denyer
To ask the Chancellor of the Exchequer, if she will conduct and publish a comparative assessment of the (a) fiscal returns from the Energy Profits Levy and (b) value of tax reliefs and investment and capital allowances granted to oil and gas producers sin
Answer
Answered by Dan Tomlinson, 1 Dec 2025
The Office for Budget Responsibility’s (OBR) forecast at Autumn Budget 2025 estimates that revenues from the Energy Profits Levy (EPL) will be £8.5 billion between 2025-26 and 2030-31. This is in addition to more than £11 billion in tax revenues already r...