The measure aims to ease the cost-of-living crisis The UK has introduced a 25% windfall tax on energy producers’ profits, which will fund support grants for residents who are unable to pay their soaring energy bills, UK Chancellor of the Exchequer Rishi Sunak announced on Thursday. “We are introducing a temporary, targeted Energy Profits Levy charged on profits of oil and gas companies at a rate of 25%... We're also building in a new investment allowance that doubles the relief for the energy companies that invest their profits in the UK,” the official said, as cited by Reuters. According to Sunak, energy companie
Hence then, the article about uk rolls out 25 windfall tax on energy profits was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( UK rolls out 25% windfall tax on energy profits )