The North Sea windfall tax is likely to bring in £16 billion for the Treasury, about 60 per cent less than original government projections, after a drop in energy prices, according to analysts. The energy profits levy was introduced last year and was increased at the start of this year to give an effective tax rate of 75 per cent on oil and gas production. When the rise was announced in November, the Treasury forecast it would bring in £41.6 … read more »
The post Windfall Tax appeared first on No2NuclearPower.
