12 hours ago
Windfall Levy Accounted for One Third of BP's 2024 UK Tax Bill
BP Plc paid £1.25 billion ($1.6 billion) in taxes to the UK government in 2024, with about a third of the payments a result of the country's windfall charge.
The figure was disclosed in newly released tax report and accompanying UK economic impact report conducted by Oxford Economics, includes £411 million paid under the Energy Profits Levy. The surcharge was introduced in 2022 in response to surging oil and gas prices after Russia invaded Ukraine.
