Skip to main content
Taxworld Logo
  • Membership
  • Tax Guide 2025–26 All Tax Guides Finance Act 2025 All Finance Acts See all publications →
  • Tax Planning for Non-Doms: Ireland 2024 See all events →
  • Blog Legislation
  • About Tax World Ireland 🇮🇪
Log in Get Started
Get Started
Taxworld Logo
Membership
Publications
Tax Guide 2025–26 All Tax Guides Finance Act 2025 All Finance Acts See all publications
Events
Tax Planning for Non-Doms: Ireland 2024 See all events
Resources
Blog Legislation
Company
About Tax World Ireland 🇮🇪
Log in Get Started

Energy (Oil and Gas) Profits Levy Act 2022

▸ Charge to tax (s 1)
  • Section 1 – Charge to tax [EOGPLA 2022]
▸ Relief for investment expenditure (ss 2-7)
  • Section 2 – Additional expenditure treated as incurred for purposes of section 1 [EOGPLA 2022 s 2]
  • Section 2A – Section 2: meaning of expenditure on “de-carbonisation of upstream petroleum production [EOGPLA 2022 s 2A]
  • Section 3 – Section 2: meaning of “operating expenditure” [EOGPLA 2022 s 3]
  • Section 4 – Section 2: meaning of “leasing expenditure” [EOGPLA 2022 s 4]
  • Section 5 – Section 2: meaning of “disqualifying purposes” [EOGPLA 2022 s 5]
  • Section 6 – Recycling etc of assets to generate relief [EOGPLA 2022 s 6]
  • Section 7 – When investment expenditure is incurred [EOGPLA 2022 s 7]
▸ Financing and decommissioning costs (ss 8-9)
  • Section 8 – Meaning of “financing costs” etc [EOGPLA 2022 s 8]
  • Section 9 – Meaning of “decommissioning costs” [EOGPLA 2022 s 9]
▸ Qualifying levy losses (s 10)
  • Section 10 – Relief for qualifying levy losses [EOGPLA 2022 s 10]
▸ Management and administration etc (ss 11-13)
  • Section 11 – Application of corporation tax provisions [EOGPLA 2022 s 11]
  • Section 12 – Requirement to provide information about payments [EOGPLA 2022 s 12]
  • Section 13 – Adjustments [EOGPLA 2022 s 13]
▸ Final provisions (ss 14-19)
  • Section 14 – Consequential provision [EOGPLA 2022 s 14]
  • Section 15 – Transitional provision for accounting periods straddling 26 May 2022 [EOGPLA 2022 s 15]
  • Section 16 – Transitional provision for accounting periods straddling 31 March 2028 [EOGPLA 2022 s 16]
  • Section 17 – Rules for apportioning profits or loss to separate accounting periods [EOGPLA 2022 s 17]
  • Section 18 – Interpretation [EOGPLA 2022 s 18]
  • Section 19 – Short title [EOGPLA 2022 s 19]
▸ Schedule 1 reliefs
  • ▸ Part 1 – Carry back or forward of qualifying levy losses (paras 1-5)
    • 1-4. Carry back of qualifying levy losses to earlier qualifying accounting periods [EOGPLA 2022 Sch 1 paras 1-4]
    • 5. Carry forward of qualifying levy losses to subsequent qualifying accounting period [EOGPLA 2022 Sch 1 para 5]
  • ▸ Part 2 – Group relief for qualifying levy losses (paras 6-16)
    • 6-7. Introduction [EOGPLA 2022 Sch 1 paras 6-7]
    • 8. Surrender of company’s losses for an accounting period [EOGLPA 2022 Sch 1 para 8]
    • 9. Claims for levy group relief [EOGPLA 2022 Sch 1 para 9]
    • 10. Giving of levy group relief [EOGPLA 2022 Sch 1 para 10]
    • 11. Limitation on amount of levy group relief to be given [EOGPLA 2022 Sch 1 para 11]
    • 12. Arrangements for transfer of companies [EOGPLA 2022 Sch 1 para 12]
    • 13-14. Payments for relief [EOGPLA 2022 Sch 1 paras 13-14]
    • 15-16. Meaning of “company” and “group” [EOGPLA 2022 Sch 1 paras 15-16]
  • ▸ Part 3 – General provision
    • 17. Prohibition on claiming relief more than once for the same amount [EOGPLA 2022 Sch 1 para 17]
    • 18. Change in company ownership [EOGPLA 2022 Sch 1 para 18]
    • 19. Transfers of trade without a change of ownership [EOGPLA 2022 Sch 1 para 19]
    • 20. Counteracting tax advantage involving qualifying levy losses [EOGPLA 2022 Sch 1 para 20]
▸ Schedule 2 Consequential amendments
  • 1.TMA 1970 [EOGPLA 2022 Sch 2 para 1]
  • 2. FA 1998 [EOGPLA 2022 Sch 2 para 2]
  • 3. Instalment Payments Regulations 1998 [EOGPLA 2022 Sch 2 para 3]
  • 4. CTA 2010 [EOGPLA 2022 sch 2 para 4]
Schedule 2 Consequential amendments

Schedule 2 Consequential amendments

Contents

  • 1.TMA 1970 [EOGPLA 2022 Sch 2 para 1] Section commentary
  • 2. FA 1998 [EOGPLA 2022 Sch 2 para 2] Section commentary
  • 3. Instalment Payments Regulations 1998 [EOGPLA 2022 Sch 2 para 3] Section commentary
  • 4. CTA 2010 [EOGPLA 2022 sch 2 para 4] Section commentary

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

  • AI tax research with linked legislation and Finance Act changes
  • Commentary, official guidance, publications and training material
  • Case law, appeals and tribunal decisions in one place
Become a member
Taxworld Logo

Empowering your business.

We give accountants, tax consultants, financial advisers and legal advisers exactly what you need so you can solve problems like a pro.

Company

  • Membership
  • About
  • Taxworld Ireland 🇮🇪

Explore

  • Blog
  • Legislation
  • Publications
  • Events

© Copyright 2026 Taxworld

Privacy Policy | Cookies Policy | | Conditions of Use
Support team

Please enter your contact details to begin chatting with us.

We use optional analytics cookies to understand how people use our site. Cookie policy