# Energy (Oil and Gas) Profits Levy Act 2022, Section 7: When investment expenditure is incurred

Extent: E+W+S+N.I.

(1) In determining for the purposes of this Act when a company has incurred investment expenditure—
(a) ... section 5 of CAA 2001 (when capital expenditure is incurred) applies as it applies for the purposes of that Act, and
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Any investment expenditure which is (or is treated as) incurred before 26 May 2022 or after 31 March 2030 is to be left out of account in determining a company’s levy profits or loss for any qualifying accounting period.

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Source: https://www.legislation.gov.uk/ukpga/2022/40/section/7 (the official version)
Page: https://openlegislation.uk/energy-oil-and-gas-profits-levy-act-2022/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.