UK Government told it ‘could have gone further’ on North Sea windfall tax

The energy profits levy is currently set at 38% (Jane Barlow/PA) -

The UK Government “could have gone further” with its plans to reform the windfall tax on oil and gas companies, the chairwoman of a Westminster committee has insisted.

In response to a report from MPs on the Scottish Affairs Committee, ministers made clear they had set a “clear path” for the measure, officially called the energy profits levy (EPL), to end by March 2030 “at the latest”.