Energy (Oil and Gas) Profits Levy Bill will be introduced on 11th July.
A “Ways and Means” Motion relating to the Energy (Oil and Gas) Profits Levy has been tabled for Tuesday 5th July – this gives permission to introduce a new piece of taxation legislation.
The Member Briefing Pack outlines the work done to date with No10, HMT and BEIS, includes a summary of how legislation goes through Parliament and provides an overview of the next steps in ensuring the sector’s voice is heard during the legislative process.
Source: OEUK.