{"id":618417,"date":"2023-11-21T10:00:20","date_gmt":"2023-11-21T04:30:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=618417"},"modified":"2023-11-21T10:32:10","modified_gmt":"2023-11-21T05:02:10","slug":"shell-paid-net-corporate-taxes-in-uk-for-1st-time-in-years-on-windfall-levy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-paid-net-corporate-taxes-in-uk-for-1st-time-in-years-on-windfall-levy\/","title":{"rendered":"Shell paid net corporate taxes in UK for 1st time in years on windfall levy"},"content":{"rendered":"<p>Shell Plc paid net corporate taxes in the UK in 2022 for the first time in at least four years after the government introduced an oil and gas windfall levy. <\/p>\n<p>From 2018 \u2014 when it started publishing these figures \u2014 to 2021 Shell received tax credits from the UK\u2019s treasury because of expenses tied to investments in new North Sea fields and rebates related to dismantling old platforms. <\/p>\n<p>Last year, the company paid $40.5 million in tax from a UK profit of $1.81 billion, according to its annual tax-contribution report. Without the government\u2019s new Energy Profits Levy, Shell said it wouldn\u2019t have had to pay corporate tax in the UK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell Plc paid net corporate taxes in the UK in 2022 for the first time in at least four years after the government introduced an oil and gas windfall levy. From 2018 \u2014 when it started publishing these figures \u2014 to 2021 Shell received tax credits from the UK\u2019s treasury because of expenses tied to investments in new North Sea fields and rebates related to dismantling old platforms. Last year, the company paid $40.5 million in tax from a UK profit of $1.81 billion, according to its annual tax-contribution report. Without the government\u2019s new Energy Profits Levy, Shell said it [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-618417","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=618417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=618417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=618417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=618417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}