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UK Autumn Statement's Levies, Taxes Could Cut Across British Sectors -- Budget Preview

Por: MarketWatch Business November 16, 2022

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ENERGY MARKETS: Mr. Hunt is strongly expected to increase the current 25% energy-profits levy on oil and gas giants to around 35% and extend it for another two years to 2028. In addition, he is expected to include a tax of 40% on the excess returns of electricity generators, the Financial Times reports. If carried out, this could hurt the likes of SSE PLC or Greencoat UK Wind PLC, while the increased oil company tax will bruise businesses... + full article



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