OT21715 - Energy Profits Levy: The rate of EPL

The rate of EPL provided by EPLA22\S1(1) is 35%. It is charged as if it were an amount of Corporation Tax and all the usual rules and procedures applying generally to Corporation Tax are applied to EPL by virtue of EPLA22\S1(9) and S11. The rate was 25% from 26 May 2022 to 31 December 2022. Further details can be found in OT21800.