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New oil and gas windfall tax introduced

26/05/2022

The UK government has announced today the immediate introduction of a 25% windfall tax – described by the Chancellor as a “targeted, temporary energy profits levy” – on profits from UK oil and gas activities. Until recently the government position had...

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Authors

Portrait ofAaron Fairhurst
Aaron Fairhurst
Partner
London
Portrait ofPhilip Reid
Philip Reid
Partner
London