SI 2024/1175 Energy (Oil and Gas) Profits Levy (Energy Security Investment Mechanism) Regulations 2024

Published on: 20 November 2024

Published by a

Specialist Tax Statutory Instruments

Article summary

These Regulations outline the methodology for calculating the average prices of oil and gas over a reference period, which will determine if the conditions for the early termination of the Energy Profits Levy (the Energy Security Investment Mechanism) under Section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (the 2022 Act) have been met.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

News

Guidance

Popular Articles

Owner-Managed Businesses

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more

Employment Tax

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more

Personal Tax

Inter-spouse transfer

Inter-spouse transferIntroductionWhen a chargeable asset is transferred between two spouses or civil partners, there is a disposal by the transferor spouse / civil partner and an acquisition by the transferee spouse / civil partner for capital gains tax purposes. For simplicity, spouses and civil

14 Jul 2020 12:01 | Produced by Tolley Read more

��˾��ҹ��