Changes to VAT penalties and interest from 01 January 2023
Energy firms call for windfall tax to be scrapped by 2025 Trade body Offshore Energies UK (OEUK) has stated that the Energy Profits Levy, also known as the ‘windfall tax’, on UK energy firms should be scrapped by 2025 or it could risk having a ‘detrimental impact’ on investment in the sector.OEUK said that a…