This petition was submitted during the 2019-2024 parliament
Rejected petition Immediately initiate a windfall tax on North Sea oil and gas companies.
Immediately initiate a windfall tax on North Sea oil and gas companies and redistribute the takings to benefit those who are, and will be, struggling with the dramatic increase in their electricity and gas bills.
More details
Oil and gas companies operating in the North Sea are taxed differently from other companies.
They have bigger capital allowances than most companies, which means they can pay less tax if they are investing money.
The amount of UK tax paid by oil and gas companies has been low in recent years. For many years the government paid more to oil and gas companies in tax relief than it received from them in taxes. It is unfair for them not to contribute to the budget whilst recording record profits.
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
We have published the following petition, which you might like to sign:
Fund payments to energy customers to cover price rises by taxing oil companies: https://petition.parliament.uk/petitions/608136
Tax 50% of the Energy Companies profits to help households pay bills: https://petition.parliament.uk/petitions/607983
We only reject petitions that don’t meet the petition standards.