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

What this bill doesAI · claude-haiku-4-5-20251001

• Imposes a temporary 75% tax on fossil fuel companies' profits above 120% of their average profits in 2022 and 2023, collected by Revenue Commissioners by specified dates.
• Requires energy companies (deriving 75%+ turnover from extraction, mining, refining or coke manufacture) to register and file returns with detailed profit calculations and anti-avoidance provisions.
• Establishes enforcement mechanisms including surcharges (5-10%), interest on overdue amounts, €3,000 penalties for non-compliance, and appeal rights to Appeal Commissioners.

Stage timelineWhat do these stages mean?

1. First Stage33rd Dáil

   22 Jun 2023
2. Second Stage33rd Dáil

   22 Jun 2023
3. Committee Stage33rd Dáil

   5 Jul 2023
4. Report Stage33rd Dáil

   5 Jul 2023
5. Fifth Stage33rd Dáil

   5 Jul 2023
6. Second Stage26th Seanad

   5 Jul 2023
7. Committee Stage26th Seanad

   6 Jul 2023
8. Report Stage26th Seanad

   11 Jul 2023
9. Fifth Stage26th Seanad

   11 Jul 2023
10. Enacted

    17 Jul 2023

Debates

• Committee and Remaining Stages11 Jul 2023↗
• Second Stage6 Jul 2023↗
• Financial Resolution5 Jul 2023↗
• Second Stage (Resumed)29 Jun 2023↗
• Second Stage27 Jun 2023↗

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