SI 2024/1175 Energy (Oil and Gas) Profits Levy (Energy Security Investment Mechanism) Regulations 2024

Published on: 20 November 2024

Published by a

Specialist Tax Statutory Instruments

Article summary

These Regulations outline the methodology for calculating the average prices of oil and gas over a reference period, which will determine if the conditions for the early termination of the Energy Profits Levy (the Energy Security Investment Mechanism) under Section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (the 2022 Act) have been met.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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