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Enacted Dáil
No. 51 of 2023

Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023

Public bill · Government · Presented

Targets unexpected extra profits made by fossil-fuel energy companies in 2022 and 2023, and takes a large share of those profits as a one-off solidarity payment. Those companies would have to register with Revenue, file returns, keep records, and pay on time, with penalties, interest and appeals rules if they do not comply. It also updates tax law so the charge can be worked out properly and deducted for corporation tax, and it links the measure to EU action on high energy prices.

Formal long title

Bill entitled an Act to give full effect to Articles 14, 15, 16 and 18 of Council Regulation (EU) 2022/1854 of 6 October 2022 on an emergency intervention to address high energy prices and for that purpose to make provision for a temporary solidarity contribution to be payable by companies with activities in the fossil fuel sector on taxable profits in the years 2022 and 2023; to provide for obligations on those companies relating to the temporary solidarity contribution; to provide for the administration and collection of the temporary solidarity contribution by the Revenue Commissioners; to provide for enforcement of the temporary solidarity contribution; to amend the Taxes Consolidation Act 1997 to provide for the calculation of the temporary solidarity contribution, the deduction of that contribution for the purposes of corporation tax and certain other consequential amendments; to amend the Ministers and Secretaries (Amendment) Act 2011 and the Finance (Tax Appeals) Act 2015; and to provide for related matters.

Last updated 30 August 2024

Sponsor
  • Minister for Environment, Climate and Communications Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Committee and Remaining Stages
    Seanad
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Second Stage
    Seanad
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Financial Resolution
    Dáil
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Committee and Remaining Stages
    Dáil
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Second Stage (Resumed)
    Dáil
  • Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Second Stage
    Dáil

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