Shell Paid Net UK Taxes for First Time in Years on Windfall Levy
The UK’s windfall tax is expected to apply until 2028.
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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 — when it started publishing these figures — to 2021 Shell received tax credits from the UK’s treasury because of expenses tied to investments in new North Sea fields and rebates related to dismantling old platforms.