Birdwatch Note Rating
2023-05-29 21:27:09 UTC - HELPFUL
Rated by Participant: 3323218A12216463B4E22FBF9AE26E792419B929B0D7BBBA2377F8F03EE53B36
Participant Details
Original Note:
The majority of this subsidy figure comes from reduced VAT on domestic gas and electricity. https://www.theguardian.com/environment/2019/jan/23/uk-has-biggest-fossil-fuel-subsidies-in-the-eu-finds-commission Oil and gas company currently pay a 75% tax on there profits. https://www.gov.uk/government/publications/autumn-statement-2022-energy-taxes-factsheet/energy-taxes-factsheet Other carbon related taxes exist such as the climate change levy, emissions trading scheme and fuel duty.
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