Article summary
HM Treasury (HMT) has launched a consultation, seeking views on the development of a predictable fiscal response to future oil and gas price shocks. Once the Energy Profits Levy (EPL) ends, the government is committed to establishing a new permanent mechanism that will activate only during periods of unusually high prices. At the Autumn Budget 2024, the government confirmed that the EPL will end in 2030 or earlier if the Energy Security Investment Mechanism is triggered. The consultation closes on 28 May 2025.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial
Access this content for free with a 7 day trial of LexisNexis and benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 42 practice areas
Get your quote today and take step closer to being able to benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 36 practice areas
Get a quote for Lexis+
* denotes a required field
CONTACT US
