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Home / Simons-Taxes /New developments, tax rates and allowances, table of cases /New Developments /What's changing? /Proposed changes / ND.2686 Changes to the Energy (Oil and Gas) Profits Levy

ND.2686 Changes to the Energy (Oil and Gas) Profits Levy

New developments, tax rates and allowances, table of cases

The Energy (Oil and Gas) Profits Levy (EPL) rate will be increased to 38%, and the main investment allowance removed, from 1 November 2024. The legislation

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E5.607 Corporate members

I7.333A Companies and replacement APR property

B3.325 General exclusions—first-year qualifying expenditure

I7.323 APR and successions

B4.130 Summary of OECD guidelines on arm's length principle

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

I3.750 POAT—introduction to existing arrangements

E5.406 Employees of European Union delegations—tax exemptions

I5.251 Absolute entitlement by the life tenant

C2.902 Wasting assets—wasting of allowable expenditure

B2.315 The concept of wholly and exclusively

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

C2.108 Contingent liabilities

D3.410 Benefits provided by close companies to participators

E4.115 Employment income—place of performance of duties

D6.711 Liquidation—capital gains implications

C2.1016 Option to subscribe for shares in a company (share warrants)

C3.1706 PPR relief where there is job-related accommodation

I5.1304 Beneficiary with contingent interest