A spokesperson for the Treasury told the Guardian newspaper that the move was a possibility.
The news of a the tax comes on the back of the massive profits announced by oil giant BP, which angered fuel protestors and motorists.
Garry Russell, organiser of the Dump the Pump campaign, called the profits ‘obscene’ and said it was time the chancellor imposed huge windfall taxes.
BP has already paid out Pounds 1.6bn to shareholders this year after. And the oil giant is expecting to raise its dividend payout by 5% for the second quarter of the year
Yesterday the group announced profits of Pounds 3.8bn, equalling a surplus of Pounds 1.3m an hour.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy