Windfall tax to raise £5bn, but firms promised relief if they invest in Britain

Windfall tax to raise £5bn, but firms promised relief if they invest in Britain

Windfall tax to raise £5bn, but firms promised relief if they invest in Britain - Energy companies already pay 40% of their profits in tax, but the extra levy will bring this up to 65% until December 2025.

Windfall tax to raise £5bn, but firms promised relief if they invest in Britain

The Government said it would raise £5 billion from the windfall tax it announced on oil and gas companies on Thursday, but it left a back door for companies to avoid much of the charge if they invest in Britain.

Windfall tax to raise £5bn, but firms promised relief if they invest in Britain

The Government said it would raise £5 billion from the windfall tax it announced on oil and gas companies on Thursday, but it left a back door for companies to avoid much of the charge if they invest in Britain.