CIOT/IFS Online Debate: Is it time for a windfall tax?

On 1 March 2022 from 10:00 to 11:30

Online only

Do ‘windfall taxes’ have a place in a modern tax system? If so, what are the criteria for their use? Should the UK introduce a windfall tax now on the profits of oil and gas companies? Join our expert panel for a lively debate on this highly topical issue.

Watch the event back here.

Do ‘windfall taxes’ have a place in a modern tax system? If so, what are the criteria for their use? Should the UK introduce a windfall tax now on the profits of oil and gas companies? Should we have introduced one on ‘excess profits’ generated by the pandemic? Are there lessons we can learn from past windfall taxes, such as the one introduced in 1997 on the ‘excess profits’ of the privatised utilities?

Join our expert panel for a lively debate on this highly topical issue.

Our panel will include:

Stuart Adam - Senior Research Economist, Institute for Fiscal Studies
Michael Jacobs - Professorial Fellow, Sheffield Political Economy Research Institute (SPERI)
Chris Sanger - Global Government and Tax Risk Leader, EY, and policy adviser on the 1997 windfall tax on the privatised utilities
Heather Self - Partner, Blick Rothenberg (and Group Tax Director at Scottish Power 2002-6)

Chair:Peter Rayney – President, Chartered Institute of Taxation