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Maroc Maroc - ENERGY PEDIA.COM - 23/Aug 13:01

UK: UK offshore energy supply chain firms urge action on windfall tax impact and seek sector representation

In an open letter (released in full below) more than 40 organisations said the confirmed 3 per cent increase to the Energy Profits Levy (EPL) to take the headline rate to 78 per cent, extension to 2030 and the removal of the investment allowance and a reduction in capital allowances risks thousands of jobs, and the companies critical to the UK Government’s industrial strategy and progress towards its net zero targets.

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