# North Sea Transition Authority

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/north-sea-transition-authority
Canonical HTML page: https://getlegalbrief.com/entity/north-sea-transition-authority

## Timeline

- **2026-03**: Reeves Reaffirmation — Chancellor Reeves confirms the commitment to end the windfall tax in talks with industry bosses.
- **2024-07**: Labour Government Election — Labour takes office with a pledge to review the energy fiscal regime.
- **2022-11**: Tax Rate Increase — The EPL was increased to 35%, bringing the total effective tax rate to 75%.
- **2022-05**: EPL Introduced — The original 25% Energy Profits Levy was introduced by the Conservative government.

## Recent coverage (1 stories)

### Reeves Signals End to North Sea Windfall Tax to Restore Fiscal Stability
2026-03-04 19:41:40 · Sentiment: Positive · Impact: 6/10 · Sources: 18

Chancellor Rachel Reeves has reaffirmed the UK government's commitment to sunsetting the Energy Profits Levy during high-level talks with North Sea oil and gas executives. The move aims to provide the regulatory certainty needed to unlock billions in energy sector investment and secure the UK's domestic energy supply.
Full story: https://getlegalbrief.com/story/reeves-north-sea-windfall-tax-sunset

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